Economy, Foreclosures & lack of jobs.
- Thread starter wizsmaster
- Start date
plyle02
Active member
Chris,
We currently have a BOGO offer out there....lol... Everyone doing there best to get the guest in, then upsell alcohol, apps, desserts..... Outback still has strong brand positioning, I doubt they are in any trouble, but we have to stay competitive to what the industry is doing. Some really good deals out there right now! Owell, I guess people will go out and enjoy adult beverages, despite how bad things get, alcohol has a unique way of helping us cope with our life issues.....lol....
We currently have a BOGO offer out there....lol... Everyone doing there best to get the guest in, then upsell alcohol, apps, desserts..... Outback still has strong brand positioning, I doubt they are in any trouble, but we have to stay competitive to what the industry is doing. Some really good deals out there right now! Owell, I guess people will go out and enjoy adult beverages, despite how bad things get, alcohol has a unique way of helping us cope with our life issues.....lol....
wizsmaster
Moved On
What is BOGO ?
You know .. i tried that last year after some 'troubles' ... it only dried up my wallet, and POSTPONED the 'issues' ... didn't really helped me cope with them. lol
Needless to say .. i haven't drank since new years eve when i was out before the party started. ROFL
We have maintained a steady lifestyle through the financial ups and downs of life. Put more away when it is good, and less away when it's slow. I think the key is to live within your long term means. My house cost only 26K more than I made the year (2003) we finished building. I'm one of the blessed ones in that I've not experienced any financial slowdown yet, and my business is still booming. There are two empty foreclosures in my neighborhood. Both families were living at the "max" level, and had small financial bumps that they couldn't recover from. It's sad.
wizsmaster
Moved On
DP OWNES ME!
wizsmaster
Moved On
DUH ! I knew that
I was just testing you ! David,
I can't keep any of mine empty. I had just rented out my last one today. There is a huge demand for rentals since the average renters are competing with people that are foreclosed.
I have seen rental price increase due to the demand. Do not sale now. Timing is everything in RE investment. Buy when no one is buying and sell when no one is selling.
Rent it out for as long as you can. RE has always been the best investment, if you plan well.
Good luck.
You got pm.
screamincamaro
New member
One thing that really bothers me is how companies are allowed to offshore all this work. They pay people offshore at a reduced price so the company gains that but when the offshore people spend their money it isn't spent in the US. Not to mention there are less jobs in the US reducing spending and demand.
A lot of large companies are not just offshoring their lower end call center jobs anymore. We're talking programming, MIS, analytical, technology support/helpdesk, etc. This is what our kids with college degrees are going to have to compete with but you can't compete with the wages they are willing to accept. I feel sorry for the kids of tomorrow that don't have degrees.
A lot of large companies are not just offshoring their lower end call center jobs anymore. We're talking programming, MIS, analytical, technology support/helpdesk, etc. This is what our kids with college degrees are going to have to compete with but you can't compete with the wages they are willing to accept. I feel sorry for the kids of tomorrow that don't have degrees.
cwegescheide
YOU have been ignored!
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cwegescheide
YOU have been ignored!
I feel ya camaro... I've been a computer consultant now since 2002 when the insurance company sold the division I worked for in Indiana. All the companies I have worked for, 75% conservatively are all H1B.
screamincamaro
New member
I think people get so absorbed in the immediate issue that we lose site of the contributing factors of the problems. Couple weeks back there was a write up on a company in the Tampa area that announced they were laying off 400+ people and the jobs were going to be offshored. So they still lhad a need to employ 400+ people they just choose not to do it in the US. I think a lot of companies have been allowed to act irresponsibly whether it be offshoring, lending pracitces, financial reporting, etc...... which have all caused impacts to US economy.
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cwegescheide
YOU have been ignored!
Well in the case of offshoring, everyone that I talked to has not had much success doing it. When a job requires a lot of interaction and detailed knowledge of how a (computer program in my case) should behave its just a nightmare trying to get a quality product. Sure these companies can get people to work for half as much but when it takes 5 times as long to get a working and many times inferior product everybody looses. But for whatever reason these companies don't see it that way. Hopefully in the future the trend will be to keep our jobs here and have citizens doing the work. I guess we will have to just wait and see.
I seem to have read that your next President was going slam the door shut on American Companies offshoring Jobs, Taxes {not paying what they should or escaping what they should pay} etc. and taking advantage of the system in particular but pretending to be American and taking advatages however they can.
Seems to me to be an overdue righting of a wrong {I am Canadian }
What I find interesting here in Bolivia, poorest country per capita in the Americas, is that most people here will not buy anything made in China, even though the article may be half the price of the same article made elsewhere, it is that Chinese made just is not any good, electrical fixtures and hardware in particular. F.W.I.W.
My read of the current situation is that it will take two years to get back UP to where things are today.
Seems to me to be an overdue righting of a wrong {I am Canadian }
What I find interesting here in Bolivia, poorest country per capita in the Americas, is that most people here will not buy anything made in China, even though the article may be half the price of the same article made elsewhere, it is that Chinese made just is not any good, electrical fixtures and hardware in particular. F.W.I.W.
My read of the current situation is that it will take two years to get back UP to where things are today.
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