OUT OF BUSINESS! ALL 553 STORES ARE CLOSING!
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- Опубликовано: 8 сен 2024
- It's amazing that you can have businesses that have been around for a well over 130 years and even survived the great depression but the economy today is so bad that, only now today they are going out of business. In many ways, this is the worst economy that we have ever experienced considering on the surface things look good but underneath it's anything, but.
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People With 3% Interest Rates ARE LOSING THEIR HOMES! ruclips.net/video/KJbyfKmEFHM/видео.html
since you're there - North of you there's a place in Sacramento and last Friday afternoon I got an email - the Vape Life store - goodbye - thank you for twelve amazing years in business - steep discounts one last time - well - that was a surprise to me and not a surprise as I look at the calendar - the clock - well - they were an online business
Please refrain from speaking disrespectfully about Oakland, California. First and foremost, as a matter of verifying the facts, the Oakland Athletics baseball team is not leaving due to crime. Rather, they are leaving Oakland itself, with the Coliseum, Peralta's Laney College, and Howard Terminal all having been considered as potential new homes, but the lack of progress has derailed these proposals. I am truly tired of these stereotypes.
well if you got a bigger home and it needs work like every home does you get burried fast..30 to 50 k for a roof, 1500 for a tanked water heater,, clogged toilet 165, big bucks if sewer line colapses and they do, electrical problems, 8k or more for new hyvac unit, garage door openner failes, with the heat more ac being used, in a bigger home. worn flooring, bathroom 30k kitchen forget about it a lot more. Bought home and it was illegal no permits pulled. trees are rotted and falling down 2k, windows are failing getting clowdy, snow removal, homes are very needy. after 12 of them one clearly learns that. If you got renters 350 a day per item that isnt repaired in timely manner, yup. Tankless here was 3800 on a weekend to replace for tennant not a new set up replacement..
Where in Florida are you ?
@@UrbanAssetProtectionOakland CA is a cesspool of crime and filth due to bad governing
I own a furniture store that has been in business 50 years and things are definitely not great this year. People are mostly broke, just end up buying crap furniture from Amazon, then come back to complain how bad it is after it falls apart in a few months. Feels like the economy is being held together with bubble gum and tooth picks.
The fact that you can see it get ready if you own a business that’s the best advice I can give you
Yall been letting people do $50 down payments on a couch and NOW cuz folks is buying it offf Amazon you think the economy crashing.
Na bruh people just ain’t buying the way they used to anymore. Best believe they got more money now then they ever did before. They just don’t got anywhere else to put the junk
"economy held together with bubble gum and toothpicks."
And we are all out of toothpicks!
People have been conditioned to sacrifice quality for cheap/often. Instead of getting a well crafted sleigh bed that will last decades people have been convinced it's better to pay half that for something cheaper via an Amazon or teh like even though it means the bed will last less than half the time the more expensive one would. It's complete mind shift from quality & ownership to cheap rentals.
The true wealthy elite in the world want the peasants to own nothing, be modern day serfs, and be happy with it. Inflation will help move that along more quickly by making it impossible for people to have enough $$ at any point to purchase something so everything even clothing will one day bein a rental/lease kind of deal. Sound crazy? 10 years ago it was crazy to say schools were teaching you kids things they hid from you as the parent b/c they knew you'd object. 10 years ago you would have been looked at like your crazy if you said those people at the World Economic Forum want us to own nothing and be happy with that.
That's because it is being held up by bubble gum and tooth picks: deficit spending
In the 50's my Dad worked a modest job, Mom stayed at home and raised the kids, and they lived a nice middle class lifestyle including owning a home. Nowadays both I and my partner works and can barely afford to make ends meet. Soon the kids and family dog will need to work to keep this household going. It's the destruction of the American dream right before our eyes.
@@GarryTilmanI went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Mary Callahan Erdoes. I am at $128k right now and LOVING that you have to bring this up here
@@GarryTilmanHow can i reach this Mary Callahan Erdoes, if you don't mind me asking?
@@PoshanMindWell her name is 'MARY CALLAHAN ERDOES SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
@@GarryTilman
Thank you for this tip. I just looked the name up, wrote to her through her webpage and booked a session..
Mary Callahan Erdoes Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.
Inflation has not always been around there was a 15 year period of deflation. Yes as prices went down income went up. Once you go to Fiat currencies with no tangible backing then inflation is an intentional factor. Patience, Cash on hand & Short Term Investments are key
True. I first came across investing in the market in 2019. Already stashed about $480k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. What are some strategies i can employ to be successful?
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
There was a time when Jimmy Carter asked people to stop spending money to slow inflation. It worked almost too well.
Who can afford furniture? If i can't eat it or put it in my gas tank, I don't need it.
There is enough stuff being thrown out to the curb that an experienced dumpster diver could furnish a home in a few weeks.
I know the feeling! 😮
Yep 👍
@@eighteenin78I'll keep that in mind!😂
@@eighteenin78 hey there’s some great RUclips channels of people flipping furniture. Amazing how you can refinish, paint or repurpose old wood furniture.
The furniture made today is junk. Stapled together particle board. There are lot's of estate sales where you can pick up gently used furniture that was hand made by skilled craftsmen back in the day.
Watch out for bedbugs .
I Build the bed my self, Meranti and Pine wood. My dining table i get used and is around 70 Years old and massive full wood. In the moment i build a outdoor kitchen and when it's finished i build me a new kitchen in the house.And the TV wall unit i get from an auction 20 Years ago. I don't buy this junk from the stores.
You have to spend top $ for new furniture that is well made. Was shopping for a new center console earlier this year and found options from $500 up to $1500 since that was my budget for this piece. Most of what I found was plain junk in terms of quality. Had to cough out $2600 for something made of solid wood.
Really true!
That is why I only buy second hand furniture and solid wood at that!!
It's the cheapness that is so off-putting, and I'm not meaning inexpensive when I say "CHEAP!"
@@grahamnorris7315
Steamers work well for bedbugs.
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass wealth amid economy crisis, and even pull it off easily in favorable conditions. That should be the least of your concern. Also explore the option of working with a CFA to reduce greatly your chances of loss.
You're right, I and a few Neighbors in Bel Air Area work with an Investment Adviser who prefers we DCA across other prospective sectors instead of a lump sum purchase. As a result, my portfolio has recorded significant improvement even during the most unfavorable market season.
Wow, that's incredible. Could you recommend who you work with? I really could use some help at this moment please.
My CFA ’’ Sharon Ann Meny, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.
"No amount of evidence will ever convince an idiot."
😂 That’s the best statement I read on that site and it’s so true
Attributed to Mark Twain, I believe.
Because they refuse to even look at the evidence, much less allow it to register in their mind.
WE had two hearings to prove Fat Donna is a criminal and idiots still want him in the WH. you are correct. No amount of evidence......................................
"AKA" any liberal
My father grew up with a Whirlpool washing machine from the 50s. He even later became a Whirlpool repairman as a side-gig for his handyman business...but quit back in the early 90s because he went from two or three fixes a month (mostly belts or rat-chewed cables), to a DAY (mostly burned out motors and cracked hoses). The quality just went to *SHIT* overnight!
When my grandmother died a few years ago, my youngest uncle inherited her Whirlpool washing machine. The OG machine still runs like a champ. And you can get new belts at auto stores, or cables at hardware stores, since they used standardized sizes that are STILL in use 😂
Try finding THAT kind of quality TODAY! 😢
A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K
Mind if I ask you to recommend this particular coach to you using their service?
Finding financial advisors like Jessica Lee Horst who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.
Bad management and greed will kill a business every time.
Remember Gold Triangle?😅
and a country, and a world
Add corporate welfare to the dark days. It's paying people to make cars that nobody wants. Wht?
Yep, that is happening to the restaurant I work in. We used to be slightly upscale now we are quickly becoming closer in quality to what you would get at a chain like Cheesecake Factory. The owners burn through managers because they just want to hire "yes men" One manager comes in so high each day she just stares into space for hours.
Well let’s see , any person on the corporate executive panel makes an annual bonus of let’s say 12 million , that’s not their annual pay that right there would sink any company . That’s just one person
$36 trillion in national debt, there's no way to fix this.
Correct, cannot be turned around in any meaningful way at this point. Doesn't matter who in government is running the show.
Start with NOT voting for the Cackling Camel......that would BE a start....
Too big.. can never be repaid.what’s left? Charge it off to loss , more inflation, what??
Vote the left OUT!
NOT lyinkamel, not ever!!!
How about the rich pay their far share of taxes! The more money thee make the less per dollar they pay in taxes. If I got to pay 12% for my income then they should too!
You mentioned Whirlpool company suffering financially. I bought a new home 2 years ago with new Whirlpool appliances. The gasket on the fridge door is literally breaking up and falling apart. One of the knobs broke for the burners on the gas stove when someone was just leaning against the stove to put something in the microwave. The construction of the knob was very cheap plastic and they want $60 to replace their plastic toy junk. There is another reason companies are facing financial troubles...people are tired of paying high prices for poor quality stuff!
You are 100% correct Michael. I've lived in California 30 years and the taxes, high cost of living, and regulations never end. The crazies in Sacramento are turning this beautiful state into a wasteland.
As one of those 'over taxed Canadians', I have no problems with paying taxes. Taxes are the admission fee to civilization. What I don't like is when government goes out and buys things like useless F-35 jets, overpays IT consultants to the point of outright fraud, or sending my money to fund neo-Nazis in Ukraine.
🎶 A Green Deal Wasteland 🎶 A GREEN DEAL WASTELAND!!!! 🎶 bom bom 🎶
I have friends who have exact sentiments such as you. They complain left and right about the taxes and regulations but they don't want to move out of California. I blame them for not moving out of California to seek greener pastures.
Its the Personal Property real estate taxes that kill the middle class.. A 1% tax EVERY YEAR on the value of the house... that is not even income tax deductible for the bottom 90%... Another tax break for our Big Brother Oligarchs... We have flipped the taxes upside down in 100 years , 100 years ago, only the top 10% PAID ANY TAXES...
Get rid of your communist governor. That’s a start.
Michael I’ve got news for you. I lived in California my entire life and I have never seen taxes go down-only up. And taxes will continue to go up year after year until people go broke.
@@vinniephillips452 tax amounts or tax rates?
Could this result in intra-migration? Seems to me it might make sense for everyone to move out of Cal and maybe some of these other states who are robbing their people
Once the jerk governor starts draining the rich then you will see an outcry for his removal.
I don’t think Taxes will ever go down anywhere. But they’re going up faster in blue states. I used to think that was a total BS statement, but I live in a blue state so I can say it.
That’s not just California, that’s everywhere. California is just better at it
My son just got laid off from Barclays Bank. He lives in Henderson, Nevada. He got laid off because the regional branch is moving to the Philippines. He said a total of 150 people were part of the layoff. With all these companies either going out of business, or laying off a bunch of workers; I don’t know what he is going to do. He has a family to feed. We are living in scary times. Thank you for keeping us updated with the real facts!
Does he have a passport for relocating to Manila-???🤔
It’s probably because Manila is cheap as dirt to pay hard(er) working individuals. Also, property prices (rental and land) are cheap.
Globalism Sucks for American Citizens. WAKE UP! VOTE AMERICA FIRST TRUMP/MAGA 2024.
Hi there, have your son get his CDL and apply at Republic Service because the garage isn’t going anywhere 👍🏾
Move to the Philippines, you are pre trained to move with the company. My grandson figured he that could live alot cheaper over there.
My Renter sleeps on a fold out mat and lives out of their suitcases. They don’t even have a chair. They have a single set of dishes. She is trying to pay off her student loan debt in 18 months. She literally uses a rechargeable scooter to get to work and lives off Ramen. I don’t blame her. You can’t make it in this world if you have debt
I have no couch, no tv, a mattress in the floor and I make 138k a year
@@bobthompsn2896People have been conned into buying things they dont need and going in debt for it. Years ago I started watching Japanese apartment videos on YT because I love how the Japanese utilize space and dont buy things they dont need. This is the country that has the washer dryer in one machine! After enough of these videos, I stopped using my standard oven and just bought a good toaster oven and convection plate. I bake and can even roast a chicken in the toaster oven, a much smaller appliance using much less electricity. Havent used a regular oven in over 5 years. Waste of space in the kitchen.
@@ParkDari that's stupid because scurvy is expensive
Be kind, buy them a chair and some basics. Can buy 2nd hand.
The problem with Texas and Florida is that they are ‘right to work’ states. This is where you want to go if you are a CEO not an employee.
I have a bedroom set that I bought in 1986 that is solid oak. Still looks like the first day I bought it. Today’s furniture is expensive crap.
I had my couch made for me 50 years ago. Very solid. It survived kids and dogs and has been recovered once. I have no plans for a new one.
Bought a custom piece from an Amish fellow. It was expensive, but it's amazingly well crafted and strong as a rock. 3 full grown men can stand on that coffee table and it didn't collapse (he and his brothers demonstrated).
So are houses..😮
Me too!
Nice. I grew up with real furniture. Me and my bro wanted to do that WWF wrestling thing of getting slammed onto a table. The coffee table is fine, but we got rekt
Kamala’s latest campaign message is “I’ll bring prices down! Day one!” But she spent 2 years telling us prices weren’t up. And the last 2 years telling us that she and Joe couldn’t do anything about it.
🤔
with her it'll be the same ol B S
@@veronicaegidio2374Have you ever heard a laughing Hyena? That's how she laughs/giggles. I don't vote Savannah animal
Why would you think the president of the company cannot influence prices?
That's dumb. Of course she can.
The vice president cannot though.
They have created a lot of inflation
@@hvaball150 We were energy independent when Trump was in office. Let’s see if she reverts back to using our own reserves and bringing gas prices down. My guess is no.
No one mentions the sheer immortality of money printing and the Fed. They are the enablers!
hell they are the ones causing this,started in 1971 bY nixon the criminal
And who benefits. The largest, if not only, reason for inequality. It's why the rich get richer. Until this tme, even the poor were getting richer, wtf happened in 1971?
If you're leaving San Francisco
Make sure to leave all regulations behind...
💯
Regulations are only for people’s freedom, not corporations. The playing field is not level. Mom and pop businesses are taken over.
Exactly, stop voting for the same practices that put it in that place. We don't want you voting like that in Atlanta!
If you move anywhere else don’t vote for Ten years
He lives in Florida in the winter
CA thrives on being miserable and are numb to the ever increasing taxes.
What taxes went up
but but on CNN and MSNBC, we are told that the economy is very strong
Quit watching them"
And those same news outlets are telling us to vote for Kamala … 🤦♀️
I don't have cable any more. I don't mind being lied to but I will not PAY to be lied to.
The mainstream media are nothing more than professional liars.
Hahahahaha! 😮
My wife and I have very little debt, but budgeting every month is getting tighter. People that have large amounts of debt are pretty much screwed.
I think everyone, even the rich are feeling the squeeze now.
Most new furniture, even expensive furniture, is not attractive or well made. We love old furniture. We redo it or paint it, and love it. I really value grandma’s hand me downs.
Exactly smart folks pay little or nothing for furniture. Get good second hand for a song, very often nothing, a bit of a scrub up, lick of paint and it's good for another fifty years. Furniture I recently passed to my kids was 150 years old and still in good knick.
As a former operations manager for Conns, I would say the reason they went out of business has less to do with poor economic conditions and more to do with how they mismanaged the company at senior leadership levels. The company had no way for us to properly take care of the customers, stuff was overpriced, it was a real shitshow. I did what I could in my store to help customers as best they can be helped but poor policy and lack of customer service infrastructure made it very difficult. I was a manager for 3 years at #25 and #71 in Houston TX. I was also part of new store setup teams for five stores San Marcos Texas, Hampton Virginia, Richmond Virginia, New Orleans Louisiana, baton rouge Louisiana and Houston. Another critical error was how quickly they try to expand multiple stores into new markets without proper name recognition, and the decision after being over 2 years of declining sales they decided to purchase Babcock furniture in order to pad their numbers and increase store footprint. Economic conditions certainly didn't help this, but poor financial decisions were made heavily. A lot of their senior leadership for many years was made up from old Sears executives, how ironic.
Babcock closing in my Georgia town, right after Family Dollar closed.
I don't understand how DOLLAR stores are closing...though the economy is broke, wouldn't it make sense that these stores would see some type in influx? Similar to more folks ditching Publix amd heading to Walmart and Aldi? Hmmm...
@@andreak1953usually they buy the stuff in bulk that’s due to expire in a month or two from big stores. Just not profitable.
Thanks for the back story. We usually don't get that, and it sheds a lot of light on the real problems!
its hard to find business being run the correct way taking care of employees its always greed that gets these places
I have a cousin who was laid off earlier this year from a large furniture store here in deep south Texas. He worked there since 1989! He started at the bottom and worked his way up to a top position and was still not immune from being cut. It is a scary time to be working in retail right now. No one is safe.
My family closed its furniture stores after three generations. High-quality hardwood furniture. When I was a kid, the furniture manufacturers would send us a crate of tins of maple syrup every year, and a crate of the most incredible red delicious apples I’ve ever had in my life.
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
Before 2022, I had already accumulated savings of $300,000 from Bitcoin and the stock market. I retired with the State pension at the end of 2023. Today my savings are close to $570,000. Compound interest is definitely the eighth wonder and the most powerful force in the Universe. I hope to reach a million dollar goal. Thanks for such a fabulous video, friend. Greetings from Florida!
You're on point !! I make a lot of money without relying on the government.
Investing in stocks and digital currencies is beneficial at this moment.
How can someone achieve this in a short period of time? I want to retire early and enjoy my retirement.
I would appreciate if you could give me some advice. I am new to investing in stocks/cryptocurrencies. Can you guide me on how to do this?
Victoria Antonia Gonzalez program is widely available online..
Our first house was purchased in 1965. We used lawn furniture for our living room. We somehow survived. We made a major change in our life, we didn’t complain. Nobody really cares.
I live in California, make $60K a yr considered low income. Total % of taxes out of my check is 36%. State, Fed, Medicare, Soc Sec... 36% of my hard earned money goes to taxes and gov programs. Doesn't include health insurance or retirement savings. 36% just for taxes. It used to be 28%, now they take 36%. The weather is the only good thing here.
I know what you mean.i can bust my ass work 65 hours look at 2000.00 gross take home 1230.00 now work 45 hours and take home 1050.00.why bust your ass..
I'm in the same boat as you.
@@brianmatthews4149I came to the same conclusion and now work part-time.
So where do you suggest to move? Could you earn $60k there and live better?
I told my mother as I left California for the last time in 1993, "You can't eat scenery."
She moved out of state a few years later.
Who wants to buy furniture? It’s worthless once you take it home. I’ve bought beautiful used furniture for practically nothing. And people are constantly getting rid of perfectly good furniture. Why buy expensive new furniture? Cars are outrageously priced. Buy used. Big corporations have done this to themselves with their greed.
The sad thing is the CEO will get a nice package and the remaining employees will suffer.
The CEOs often make so much money yearly that multiple employees could live a lifetime on what they are paid. I worked in health insurance and hospitals... Most CEOs salaries ran nearly 100 MILLION PER Y EAR!!!! ignoring taxes, 10 employees could be paid 10 million dollars each (which would easily last a lifetime) and go enjoy everything they want in life, unless they're morbidly stupid and buy multi million dollar homes and cars.
So if the CEO stays at the company 20 years he will have made 2 BILLION dollars... just look at how many people that could have employed...
let's not forget employees agree to their pay, and the board agrees to the ceo's pay/bonus
Don’t forget all the work someone has to put in to get there in the first place.
@SleepyNeo if you meant CEO often they're brought in or chosen and they have little accountability in many places.
Why don't you try to be a CEO?
A couple week ago my son got back from Key West Fl. opening of lobster season. In years past you would have to wait over a hour to get into a restaurant, today you could be seated right away. What does that tell you!
It tells me the selection event is finally occurring. I’m vacationing in FL! 😎👍
Disney is also reporting drops in their attendence at their key two theme parks. One of which is in Florida. Universal though is reporting normal attendence, but also costs less than Disney. Key West is no joke. Lived there for three years. People may just be picking other cheaper options to vacation at.
@@superdave8248 Jimmy Buffet also passed away a few years back; he being the epitome of the "Conch Republic".
It's always slow during the summer months, our population quadruples October through April. SNOWBIRDS
@@superdave8248 Disney is too expensive. A fee for everything you do! You only get to ride 3-5 rides in an 8 hour period. We gave up our Annual passes before pandemic.
This is the result of 130 years of misleading practices. While CEOs take home millions in salary, employees are left struggling, living paycheck to paycheck.
Prices for goods have skyrocketed, making it difficult for people to justify purchases. For instance, my husband made a vegetable box from discarded wood, while a similar one in stores costs over $100. This price escalation has led to consumers only buying essentials like food and housing, opting out of non-necessities. Businesses need to lower their prices to stimulate consumer spending again. While I sympathize with employees losing their jobs, I have little pity for the executives whose greed has created this widespread issue.
I keep telling both friends and family; Now is the perfect time to own a Tech Stock, With everything going on and seeing how the world is been run by AI and all Tech is here to stay and you don’t want to miss it
With everything going on in the market My advice to anyone starting out in the market is to seek guidance as its the best way to build long term wealth while managing your risk and emotions with the passive investing strategy.
Actually, I’ve actually been looking into that lately, the news I've been seeing in the market hasn't been so encouraging honestly. If you don't mind me asking who's the person guiding you?
The question is. How to make money during a depression. This is what this is? How obvious can it be?
People figured out that EVs aren’t green and don’t save money. They may be good for around town but so are golf carts.
Just read an article about EV and why they said NOT to buy one . To expensive $$$$$$$$$$$. pass !!!
Even golf carts aren’t golf carts anymore. People who want to use them for general purposes by gasoline powered golf CARS. I saw this watching videos about the villages in Florida. I think it’s awful. The benefit of golf carts is they are quiet and don’t spew exhaust.
@@debbiec6216 be wary of articles that may be sponsored by oil or legacy car manufacturers.
@@debbiec6216 Yeah, for an EV to be more profitable, the energy needs to be self-sustainable, not faster to run out of gas.
@@debbiec6216REALLY? Just bought a brand new Tesla Model Y as a NJ resident for 39.2K. That’s almost 10K less that the average automotive transaction of 46-47K. So…what am I missing? I’ve only had it a week but it’s so cool to have the car drive itself and you are essentially driving an iPad. Me? 3rd generation wealth, educated, never wanted to deal with kids, just enjoy life so couldn’t care less about green. Oh…it’s my second EV. Just ended a BMW EV lease and the car was perfect. Never had to deal with mechanic types, never had to go to a gas station. The pickup was phenomenal and the Tesla is twice as fast so…
I moved out of California about 8 years ago. It has only gotten worse. I would need to be reassured the people who ran the state into the ground have left before I'd consider moving back. Shame too cause it is a very nice place. But crime is ignored or encouraged, and they just make up new taxes and laws every other month.
Tomorrow August 2nd we are going to hit 35 trillion dollars in debt. Almost half of our taxes pay for the interest on the debt. We are screwed.
And what did we get for it nothing. They print way more than we pay. Taxes and treasury bonds are not solving the problem. Hey how about that inflation reduction Act how's that working out for you?
What's also sad is the amount of fraud perpetrated through covid loans and payments, it's staggering.
The debt is bs ,the government gets money from the cartel in digits from nowhere let that sink in
@@tonyk8369 Yep. The Inflation Reduction Act was just a catchy way to market the The Green New Deal
So-??? It never touches the principle then-???🤔.
From Australia, it's a global economic phenomenon. For example, Godfreys an Aus vacuum cleaning store has gone into voluntary administration. 93 years of successful operation.
This is all about Quantity easing
Without considering Chines wisdom
Exactly you’re seeing companies that have been operating for close to a decade or more only now folding up
There were a few behind the scenes problems not really well known to the public that were behind this, it started several years back and despite the best efforts of management it was destined to happen sooner or later. It was a sad day when the news broke because it was like one big family.
Yes let’s move all of our product design and manufacturing to China and then wonder why they are putting USA and Australian companies out of business and our people out of work. Let’s just see what AI does to working people over the next few years 😮
@@paulconnolly4483 I can only see AI making most things worse because there is no common sense involved. True AI would have no human interference, what we see here is just based on algorithms programmed in by people and as they say in the computing world, “ garbage in , garbage out”
Homes, cars, businesses in Los Angeles are being ransacked at an alarming rate and there's no repercussion..CA gone to crap, thanks Newsom
I went to a furniture store just browsing around and I noticed an average looking three seat couch with no recliners, not leather, but I liked the way it looked. It was over $3000! Huh??? And you wonder why no one‘s buying furniture at furniture stores. Their prices are ridiculous…
Same here was just furniture shopping. Went to three big furniture stores looking for a leather couch. $2500 + for just a leather chair, $5000 to $10000 for a 3 seat leather couch. I thought to myself I’m not paying this. We always bought leather furniture but never at these prices.
I guess it depends on what it’s made from, where it’s made. A good 3 seater couch, fifteen years frame guarantee, handmade, feather filled back and seat cushions will cost from £2500 for a basic cloth up to £15,000 for leather. I went for midnight velvet. That’s close to the $3000. It’s a lot of money but to me, that’s an investment. My couch is currently worth more than my car!
I figured I will use it more. I rarely drive as shops are within walking distance. Funniest thing, I only get to admire it once a week when I remove throws to wash, the velvet shows up every speck of dust and it was driving me crazy! Should have gone for the basic cloth 😂
And IKEA sells one for 300$ because it is made in chaina
It’s not the couch that has increased in value, it’s your money becoming worthless!
If it was leather, it would be bonded leather which isn't really leather. It would still be $3,000 and it would disintegrate in 3 years.
The Conn’s furniture store I shopped at a few years ago had overpriced stuff with high rate financing, targeting people with low credit scores. I didn’t buy anything from them. I feel for the employees, but the company was not one I would do business with. Good riddance to them and respectfully, much luck to the employees who lost their jobs.
It's expensive being poor. My coworker got an PS5 for 800 bucks from a Rent-a-Center. A PS5 cost 500 bucks. He never has money.
Imagine trying to sell high interest rate furniture against Rooms to Go with 0 percent for a million years lol.
Conn’s, how ironical. Maybe they can sell golden sneakers.
Conns furniture is so overpriced. We did buy appliances there because they price matched.
Exactly. we pay cash and they were not interested in customers who pay cash...they want those who finance. They were very rude the few times we shopped there and we never went back.
I have made over $250,000 per year for 10 years in California running business being an executive for business and I left. I closed my businesses here. I reopened them elsewhere and I simply do not wish to be contributing Reckless mismanagement to California has become
Got you beat, my furniture is even older. Bought in '50's, I am using my parents' old furniture. In same house 40 years. One good point, it's paid for.
You are doing it right! We are similar, kept debt to minimum. Now debt free, save up when we need to buy anything. We buy older items, rebuild/refinish them. We find the new stuff looks great, but is low quality junk. We dont participate in that throw away mindset. More and more people will spend the last few dollars they can earn on only what it essential, and the highest
quality you can get. This is a big reset on people's values and mindset.
Furniture stores are the first to suffer in a recession. When they start closing you know we are in trouble. Jewelry stores will be next. People don’t buy new furniture when money is tight
I have a buddy in TN, he works for something like 30 years at Whirlpool. He is very close to retirement... but listening to him the past 5 years, Whirlpool has slowly been going down the toilet with layoffs.
Sad.
Whirlpool going down a whirlpool?
Time to call Culligan man.....
My 6 yr old Whirlpool washer needed new bearings. My previous Whirlpool last almost 11 yrs before the bearings wore out. I bought a new GE washer for just a little more than replacing the bearings.
Their quality went down considerably
Pick an item and read the online reviews of it. Who wants to buy a washing machine, for example, when 20% of the reviews are one star, and people are complaining about the same problems? Just about everything is junk now.
Especially the fancier appliances. More crap to break. You have to go to an independent appliance store and buy a basic Speed Queen washer and dryer with mechanical timers and dials…no computer boards. They’re like $1200 each for old school boring white top loaders but they’re built to last 25 years.
If I buy a bandaid, I read the reviews first.
90% drop for my small furniture business in Florida. Costs up 40%, traffic down 80%, bottomed out pricing and people ask for discounts. . . Thinking of starting a RUclips channel - talking with business and political people while fishing offshore.
It began when Wall Street started buying the houses. First time home buyers were the first to make major furniture purchases and Wall Street pushed them out of the market.
I have gone shopping to replace furniture for years. Reviews now very sketchy on brands that used to mean quality so I never bite.
It started as soon as stock markets that allowed ownership across wide geographic areas. While old industrialists lived and worked in towns and cities where their firms were (and had at least SOME civic regard), as soon as they were bought out by distant owners, these new operators had no skin in the game to keep these far-flung factories open. At this point, you have the birth of centralized ownership and systematic decay all over. Worse, now that production and employment were not distributed, it made panics, recessions and the Great Depression more destructive. Sadly, this made central ownership more powerful, not less and why we continually bounce between boom and the inevitable bust.
Very insightful take!
I buy used good solid furniture all wood and refinish it and I love it. And I have saved so much money.
@@Scarletsky138 Too bad you didn't share that tip with the rest of us years ago.
Its amazing how most people don't care. When I lived in NYC i met people paying their whole Salary for rent, night out, and other expenses with nothing left over, and they were fine living this way for years.. Its crazy
I worked for the CHP and was assigned to the Hayward office, just south of Oakland. Going into the city of Oakland, even in a marked patrol car during daylight, was always a sketchy proposition. Stay out of there if you value your life.
They had a loud-mouthed lady working that front counter. And years later i went there again to report theft from my vehicle and it was that same loud mouth lady!. Bet you she still there? I wonder if you knew her.
@@ifihadsmesumchicken6276 I left that office 20 years ago.. she must not have been there when I was there, I would have remembered a loud mouth!!
Best way to buy furniture is at a thrift store. Buy old used stuff cuz it’s made from real wood and will outlast you. You can also get it cheap.
Very true. Back in my grandparents' time, they didn't buy new sofas, but simply had them reupholstered. They were better made with kiln dried wood, just better quality than today.
the only way I'm going to be buying furniture is if mine literally breaks. and even then, I'll try to repair it myself. Any extra money I have is going towards debt and ammo
The majority of people don't want EV's. I completely agree . Lifting tariffs on Chinese EV's in the US is NOT the answer.
China and their exploding EV's!
A decent $20,000 - $30,000 EV, like BYD, would sell and sell well I suspect.
@@stevebottrell9154They are crap.
@@Saltoalinfinitoperhaps, but no worse than Ford, Chevy, Dodge and your standard American fare.
@@Saltoalinfinito Actually, a hedge fund in NYC had engineers in the USA tear it down. In their report, they basically said the BYD Seagull would be "the death of the American auto industry."
You are on top of things. People who don't know me call it negativity. It is reality.
The list of retail chains and restaurants alone that have gone "tits up" since January of 2021 is STAGGERING. So much for "building back, better"!
It’s impossible to feel sorry for property owners at this point. They got caught up in the hype and threw obscene amounts of money at houses, driving prices into the stratosphere, assuming there would always be a greater fool they could dump them on at a later date. Screw them. Screw the ones who sold their houses in California and New York for millions and then migrated to cheaper states to snap up multiple homes with cash and are still refusing to return to the office. At this point, the whole house of cards can topple for all I care.
While I don't have the animosity, I do agree. They did this to themselves. Hard lessons that need to be learned. But will they?
Thank goodness they refuse to return to office! Those office buildings can go belly up on the leases and sell the empty buildings to worthy clients or turn into homes.
AND yet I’m closing on the sale of the Florida home a week from today, for twice what I paid in 2018 (only 6 years ago). I overpaid back then but it was professionally decorated, nicest condo in the whole complex, ready to move in, just hang up the clothes, plop down on the couch and grab the remote😊
Most property owners don't need your sympathy. Whatsoever.
Yes, you are correct as sad as it sounds. People engage in mindless hedonism and consumerism. Then they cry when they cannot meet their bills.
Homeless and unhoused don’t need appliances or consumer goods.
well they buy stuff but they certainly dont buy new furniture
Glad that you brought up that useless comment-!!!😔
We just had a sale of Mom's house and furniture. We didn't think the furniture would sell, being old but very good quality. It sold in a heartbeat.
People said they couldn't afford new furniture, so they were looking for quality old furniture.
We buy used furniture at estate sales. No need to buy new furniture.
When I grew up in the 50s you bought furniture only one time in your life and carried on when moving in Germany. Today every year the people need new stuff, for what??
Thrift stores are cheaper.
@@truthseeker1959 🤣😂🤣😂🤣😂
@@elisabethgardner6321most likely inherit the furniture from the grand parents. Know no one wants your stuff.
That's the way TO DO IT.......I often take a drive around on garbage day in rich hoods.....
Even if the automakers cut their EV prices in half, nobody wants them. Nobody will want them.
Not just EVs all cars. The car companies are in real trouble, right here, right now.
Hybrid is the way to go. Car industry really screwed up jumping to electric before perfecting hybrid technology
Wfh so you don’t need a car is the way to go
U couldn't give me one. 😮
Must be an American filling up with petrodallar$. They sell 10 million EV in china just this year and predicting 45% of cars there soon will be EV.
When it really saves money people will do it.
You can easily furnish your whole house with used furniture at low prices. Examples are estate sales, FB marketplace, thrift stores, and my favorites, curb alerts and pieces set next to the dumpster for the next person to use for free.
Here in Ohio, Big Lots is looking to shutter 150 stores around the country and talking about possible bankruptcy, but the media and government keeps saying the economy is at an all-time high!
Just found out it's over 300
@@popcornjoe3752 I just saw that their profits are down 75%, can't stay in business with numbers like that.
"but the media and government keeps saying the economy is at an all-time high! ----everything on MSM is lies/deception.
Government is the problem for the people AND BUSINESSES! We've been warned decades ago about looking to Government for help.
The 9 most terrifying words in the English Language;
"I'm From The Government And I'm Here To Help"
Still on deaf ears
Neoliberalism that came in with Reagan, Thatcher in U.k. , deregulation under Clinton, etc., and offshoring of manufacturing., is the main reason we are in this hole. Money didn't trickle down, but up, and that money used to influence policies. There are several You Tube channels that explain how it works.
Gov can be blamed for most every problem in America.
The problem with RUclips, Facebook, Rumble and all the other social media sites, unfortunately it's only mostly the choir who are getting preached to. I continue to believe that the national economy, as well as most personal economies, will soon turn as sour as I have seen it in my 75 years of life. I pray that I am wrong, but I was born naked and poor and I guess I can die that way.
Sad, but very true unfortunately
It’s coming to all of the Western countries before 2030. They’re creating a new world for the rich and as Klaus Schwab said “you’ll own nothing and be happy “. I’ve had anxiety about what is coming 😢
Bet we look back and say Jimmy Carter years really was not that bad compared to the Biden economy.
Carter did not pump the trillions into the sinking ship unlike JB
@@Kellycreatorand many of you gladly participating in it pumping necessities of life housing thinking like you are genius investors
I cant speak for others , but here in the gulf coast of Texas its booming. Gas is 2.69 a gallon, groceries are lower , homes and commercial builds are going up everywhere . I think its more your local and state that are at fault. We have a lot of floridian transplants here and some of the stories of Florida are unbelievable. I guess there is two sides to paradise
“Drastic shift in consumer spending.” Indeed. Taxes and inflation are sucking up any possible discretionary income.
If Whirlpool could make dishwashers, washers and dryers that didn't break in 4 years they would be doing a lot better right now.
Companies can do anything they want, they have a choice
They bought MAYTAG and the warranty isn't shit anymore.
GE, LG and all the others are no better! 5 or 6 years and they're on the junk heap.
@@tonyvincent9753 It actually is a science. You can predict when things will hail to a high degree of confidence.
The problem is we don't have materials, nor skilled people. At this point it is just time to suck it up.
I listen to each video as I walk the dog daily. I think he's the most economically well informed pooch in the area. Thanks for the videos
Funny.
You Sir are one RUclipsr that I watch religiously. You have such great insight on the pulse of our economy!
@@ToddKirst I worship him too and have several life sized pictures of him glued to my ceiling above my bed. He watches over me while I sleep.
I'm not spending on anything other than groceries and fuel. I'm buckling down cause the shit is going to get serious.
Good point.
ABS - Always Be Saving
Take cover.
I don't usually drink wine, but my rule of thumb is to get whatever as long as it's under $7.50.
Yes, it's a gamble, like gas station sushi. But there are quite a few that are actually pretty good.
Awful CEO will be fine, sipping his cocktails at his big house on the water somewhere with his family - while he decides which company to bankrupt next, and make more millions while doing it. Maybe CEO's should stop getting paid what they get paid.
💯
That's what happens after conning people for 130 years . CEOs taking $millions in salary but yet the employees are living paycheck to paycheck .
So true but the CEOs made so much it doesn't matter to them
It’s also the CEOs that started those companies and grew those companies and created those jobs in the first place. Just saying.
@@vmj255 No it is the workers that do the work to make the companies grow. The CEO in this company never started this company and most CEO's don't start companies. They usually go from one company to another enriching themselves as much as possible in the process.
@@vmj2559
@@vmj255
Agreed. Nobody owes you a job. If you don’t like it, start your own company and grow it yourself.
Conns bought “BadCock” that was the “kiss of Death” there’s a few Badcocks here in Valdosta and they’re always DEAD. CEO was clueless buying that company. Like throwing an anchor to a drowning swimmer.
Nobody is Buying furniture right now except at Costco.
That's not true I bought some at Walmart
true dat...
Ikea is cheaper and nicer than costco
When you buy furniture... it should be at such a high quality when it wears a bit. You sand it back down restrain it and put whatever type of finish you want on it. My bed will last at least the next 5 generations. But something once folks.
Costco's too expensive. Ikea FTW.
Who can afford furniture stores? My husband and I recently relocated back to IL. (yeah I know it’s a shit show but we’re here taking care of elderly parents.) We left our prior residence 10 months ago and gifted our furniture to our youngest child as he gets started in life. Most of it was 20 years old but all quality furniture with a lot of life left in it. Plus furniture doesn’t always store well and everything went into a storage shed while we traveled. So we needed some furniture for our little 950 sq ft rental. We went to the furniture stores and came home empty handed. We saw a simple butcher block kitchen table with 4 Windsor chairs for around $500. A couple days later, we picked up the same table and chairs at a yard sale for $25. After a good cleaning and a coat of paint, we were set. We have furnished our little place very economically by hitting up estate sales and yard sales and getting what we needed at a very small fraction of the cost. We didn’t need much and we didn’t spend much either.
Bravo !
13 years ago, American Freight, $100 glass top kitchen table. Still looks new, use it nearly everyday. We walked thru the store about a month ago, same table now.......135 (as I recall).
God bless you for keeping your parents out of nursing homes…..
EVs only make up 6.8% of the American car market so people don't want them. Now break that over the big three automakers plus Tesla that's only 1.75% so that means 98% of people are still buying gas or hybrid autos.
Furniture isn't needed because of IKEA and people living in vans, cars, and RVs. Those days are over for buying the latest trends for updating your home.
Furniture didn’t used to be trendy. People bought classic styles and it was permanent.
There commercials are funny.we lowered prices for you.ya you pulled your manufacturing out of the country years back.
country is fucked. everyone please save and live on nothing for now, lest you be out in the cold soon when shtf
Amen! Get out of the Banking System!
You’re not kidding
I bought our furniture in 1996, and all the kid furniture in 2000s. I still have it all and love it. And if I buy new furniture it will be from a quality furniture store.
I've had no luck with jobs in my area near waco, tx. I've literally applied for everything including minimum wage general labor jobs that a felon with a blank resume would be able to get and have gotten 0 interviews after probably 100 applications. You can't tell me the economy is fine right now. The scary thing is it's just getting started. I think we're in for another great depression soon. I think I might have to take up gardening soon out of necessity lol.
wishing you good luck on the job search
@@tobyk5149 ty🙂
You are right. I don't know how old you are, but this is exactly how the terrible 2007 to 2008 recession started. It was poor job market, and then stock market collapsed. It's happening!!
Dam that's bad.get into trucking.
Be mobile. Get to where jobs are. That, or apply at Baylor and milk that financial aid from taxpayers like so many others do. Medical field is almost always hiring and in demand.
You are becoming a great financial economist!!! You have done your homework for sure!! Keep up the great videos and great informational reports!! Thanks!
Just announced as well: "Major furniture chain Badcock to shut all its stores after 120 years..380 locations..."
I was talking with my friends and they make 200k combined. I make under 40, I said the economy is terrible and they fought me on that. The issue is corps are making things soo expensive that people like me, which is the majority can't afford. But people who have money are the ones who don't care and still spend a lot. Places like Aldi, Sam's Club and Costco are moving out the lower priced goods and replacing them with much higher end and way more expensive product. Because the margin is better and they know they can overcharge the rich. Soon we will be homeless. And the rich won't care. But. After that, those making 200k will be in our shoes. Our government, combined with greedy companies are destroying this country.
If they're your friends, with all that money will they help you? From your posting, it appears not. Are they your friends? Funny how the rich are always broke and yet the poor will in many cases give you the shirt off their back.
I would gradually disengage from those friends, Fydril. Not worth your time and energy.
@@someoneout-there2165 Sorry. They are good people and I am doing fine. I was just saying there is such a different perspective from those with money, and those with little money. They could not understand how bad the economy is because they can afford the price hikes, raise in interest, gas, house prices, auto prices, etc. It was a learning experience for them.
I'd also like to know why "furniture" from name brand stores is now made out of chipboard, no real dovetailed corners and is stapled together with just enough material wrap around to last 2 years? The same with vanitys and kitchen cabinets from big box stores made with chipboard that swells up and crumbles when wet (like that will never happen in a kitchen or bathroom)? The downward spiral has been going on for years and is the culmination of corporate greed. We are just reaching the breaking point in society where companys have found the point where their employees/customers can no longer afford the products they produce. How many "we buy houses" signs have you seen around in the last few years? Corporations are buying up houses, renovating them and turning them into perpetual rentals that cost so much that nobody can save enough to stop renting and buy their own house anymore. There's something seriously wrong when people who do live in houses are skipping house payments to make their car payment instead because if the house is foreclosed on at least they can live in their car. Wages are just not keeping up with actual costs and it boils down to corporations not paying employees a living wage.
What about the car manufacturers’ unions?They forced a crazy salary increase impossible to maintain
history repeating
That’s why private sector unionized companies can’t survive in the US. The companies sell their future away just to get a contract for today. Government does the same thing but they can pass the cost onto taxpayers that have little option but to pay. Eventually, even the government sector’s going to get to where there’s no more to be taken. Many cities and even states are going to have to bankrupt over the ludicrous pension plans unions forced upon them.
At 54, what I have noticed is you know we are in recession, even if the government won’t admit it and the media won’t report it, when furniture stores start struggling/closing. It’s one of the first things people stop spending money on.
@PBEl-mj4en A recession has a definition, 2 consecutive quarters of negative GDP growth. We aren't in a recession.
LOL! You mean those numbers the FED puts out that are “revised” down 2 -4 quarters later and THEN we find out we’ve been in a recession the entire time we thought we were? 🤣. You must be in your 20s with not a lot of experience as to how this all ACTUALLY works! 🤣. Only time and experience can teach you that lesson.
@@PBEl-mj4en exactly. and let’s not forget we did actually hit 2 negative quarters but they redefined recession. Same with inflation and how they changed the calculation formula so the numbers don’t seem as bad. But comparing with the same formula they used in the 80’s inflation is in double digits. They try to trick all the sheep.
@@richardjohnson8114Fed spending is being counted in GDP.
Our friend had an antique shop for years. She was saying society has changed. The younger generations have no need for antiques being they live with parents, share living arrangements with friends and are moving in a moment notice so moving furniture and storing cost makes it not worth keeping
Not only that, but younger people see antiques as “old junk.” It doesn’t help that we’ve become a disposable society where everything gets replaced easily and cheaply. Soon, it will be hard to find new items. So, those older ones that are still functional will come in handy.
Young people don’t like antiques. I am shocked. They are very foolish. It’s because they didn’t grow up with grandparents and they don’t feel any nostalgia or sentiment. It’s sad. People really need to rethink the way they are raising their kids.
@@genxx2724 Too late for that. We’ve already destroyed one generation if not two.
Yes, the Conn's here in Fayetteville was sending out emails and flyers about store closing sales. I thought it was just false ads to get folks to come in. Never thought they would actually close for real.
Just shopped at Walmart for school supplies, the aisles were devoid of shoppers compared last year. I thought it would be busy since it’s tax free holiday but it wasn’t. I was the only one shopping then a mom with 2 kids came when I was about to leave, it’s getting scary.
What are you talking about? Biden is a genius. Flooding the country with third worlders who don't have a high school degree is going to bring massive prosperity to this country. No one else but Biden could have thought of such a brilliant plan.
Funny you say that I was just in there and saw all of the cheap school supplies all wiped out. Lots of foreign types of people in there though.
I only go shopping at 6 or 7am when the store opens.
Staples always has a great "Back To School" sale. Items are priced at .25 cents, .50, 1.00. The sale last for one or two weeks.
@@mackaready1 Staples always has a great "Back To School" sale. Items are priced at .25 cents, .50, 1.00. The sale last for one or two weeks.
Bought my OLD house 1983 for $150K , san jose Bay Area , today $1.700.000 .. WOW up 1100%.. i can not believe it
That’s was a lot of money back in 1983. $100k back then would buy you a mansion over here in Texas then. Hell, $150k would buy you a mansion here 15 years ago. It’s all over now. $300k for a starter home with no brick exterior with 3%+ property taxes. In that neighborhood, you won’t a find a single person that looks American.
@@jgringo5516 you are right , 2022, i bought an OLD house for my daughter in Landershire Ln, Plano, TX 75023, for $400K.. it is too expensive now
@@jgringo5516 Define "looks American." I'm still trying to figure that one out Mr. Gringo.🤔
I can only imagine what your taxes are like now. Probably around $30k a year?
@@superdave8248 i bought house in San Jose $850K year 2008..(. today $1.5M zillow)... i pay last year $13K tax .. too much already =not made sense
The major issue facing retailers today is increasing competition. How many furniture stores existed 100 years ago versus today? There are so many more options today, and younger people are influenced by what they see on social media from influencers who advertise products that are sold online. Like your situation, older customers don’t have the same need to buy furniture.
Well, I can tell you that as a California resident, my PG&E electric bill is going to be over a THOUSAND DOLLARS this month. We have our thermostat set at 80 degrees, but with the highest energy costs in the country, and temperatures over 100 degrees for several weeks, there is NO. WAY. we can even consider an EV. As it stands now, we have to pull from our savings to cover our electric bill.
Wow, I thought my bill crossing over $500 last month was terrible! I feel your pain brother😢
I thought my $300 was bad.
Take advantage of solar tax credits and get the largest system you can.
I don't know if it's possible for you but, it sounds like a good time for a solar generator like they endlessly advertise on YT. $1000 a month for electricity, that's quite insane. In Upstate NY ours was high at $160 running central air on 75 or so. Prayers out to you n those around you, that's insane if you aren't in a warehouse sized home.
Early 90's in the Marines 29 Palms CA I rented a 1 bedroom off base electric was like 20-30 a month. High desert is pretty dam hot most of the year.
Not shocked, who in this economy has thousands$$$$$ for good furniture? Recently, I was shopping for a good new queen sized mattress. And discovered, for a good Sealy it was going to cost close to $2K with CT state tax. Instead I purchased a good foam mattress online for less than $700, and I'm very happy with the purchase.
I owned a specialized construction company that was started in 1972. I joined the company in 1980, and bought it with co-worker in 1993. The owner held the note for the business, and stayed on board for another 5 years. His advice is the only reason we survived the 2009-2011 economic downturn, and new aggressive competitors. Watch your overhead (fixed costs) DO NOT rely on a line of credit, and pay cash for trucks n equipment unless there’s an incentive to finance IE 0% manufacturers financing or a low rate with no pre payoff penalty. Diversify and offer service, and other non-construction related recurring revenue sources. Surround yourself with good people who have skill sets that you don’t have…
People need economic stability to go out and buy large ticket items like furniture. Otherwise, yard sales, Facebook Marketplace and Craigslist will be a wiser choice. We live in too unstable an economy for people to shell out thousands or tens of thousands for furniture. It doesn't help that home buying is in the gutter either so people are not needing to get new furniture or upgrade the furniture for the new home.
You laid it out perfectly. I do hope someone will save all the antique, durable furniture out there that has stood the test of decades. Pains me to see those things end up in the scrap heap.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety.
Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions.
Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Jennafer Beaver Turner is the licensed advisor I use.
Just research the name. You'd find necessary details to work with to set up an appointment
Thanks, I looked her up on Google and was very impressed by her credentials. I reached out because I need all the help I can get. I've scheduled a phone call with her.
Inflation. Greed driven policies. I'm a senior. My meds alone are 1500 a month WITH SS AND SUPPLEMENTS. That's just the co pays. What am I going to buy? My rent, food, meds
I havent bought new furniture for over 20 years. The new stuff is mostly junk, made cheaply. The decent stuff is too expensive for what i want to spend. I buy second hand and learned how to restore. So much so i do it as a side hustle now.
New houses are overpriced garbage too...😮