Has the Economy Crisis hit you yet?? If so, how hard??

I am in danger of loosing my shop. It is a small machine shop that has been in business since 2004. I have worked very hard to over come many, many challenges, but the money is just not there right now. I just opened a plating shop that specialty is small parts and crab refinishing. but if the money does not pick up soon. It will be one more shop in the ground

 

**** this time last year i could.'nt keep up with the work load,always had cars laid over night...hell i can't get a car in the shop now...we have been at this for a long time now and always had 10-15 cars a day and 3 techs working hard and now there is bearly anything to do....rooster

 

Well we have everything paid for. my business was getting slower and slower. So i took a part time job driving a truck for a local cattle feedlot. I was making 2 or 3 runs a week making $3 00two $600 a week. Now that has petered out made 3 runs in sept. That peterbuilt has sit in front of my house not been started in 15 day,s. My boss has not called, havent heard anything? Paid our property taxes today.I dunno what a young person with children and a morgage has to look forward to. We learned a long time ago that there is no such thing as job security. OldWolf

 

Tubman, I think you made some bad decisions for a fellow that close to retirement. I can't help but think that if the market was actually low when you made all these real estate investments you might be singing a different tune today. With everything costing so much in the last few years, it should have been a sign to protect your ***ets and not "risk" them. And it isn't the fault of Gingrich or the so called neo cons. It would be the so******ts who demanded that homes were sold to those who couldn't afford them nor sure have been allowed to buy them. Check Community Investment Act and see who started all this.

 

i felt bad before reading this thread, now i really feel like ****! hang in there guys! george bush has been tellin us the last few months that everything is rosey. hmmmmmmm, wonder what happened?. *** hole

 

Besides my house being worth half of what it was last year, sales of cars and parts are way down.
The price of s**** is half what it was a month ago, so there went "security money". That was always the back up to slow sales.

People right now are holding on to what they have, to feel secure if something really bad happens. But there are alot of people that have money, and it will be spent as it becomes necessary.

The people that are going to feel it the most are the providers of non-essentials. Like entertainment, fast food, travel and, I hate to say it, but hobby related businesses like ours.

At least I am not buried in debt like some, but if I cant make enough to cover what bills I do have, that wont be good.

On the flip side, alot of good deals will be popping up all over as people liquidate their toys, so you guys with the money will be scoring all the good stuff.

 

Rules:
1. No profanity in subject lines
2. No political/religious/racial posts
3. No ****.
4. All personal information listed on this board is private and protected. The HAMB does not sell this information and you are not privy to use it for your own reasons. Test us on this one and we will bite.
5. New Users must fill out thier profiles. Every bit that you can. Simply click on "User Cp" above and get to work.
6. New users must introduce themselves in the intro forum.



What part of number two do you guys not understand?

 

i agree folks this aint funny anymore as if it ever was.ive been building cars as a business for 12 years now and have always done well enough everything i own was paid for and 2 years ago the wife and i decided to get some credit established and got a loan for a second property, i took on a second job (not building cars) just in case things got bad in the car business, as a third shift metal fabricator at a factory whom had numerous gov contracts as well as aggricultural clients, then econ went to sh-t havent sold a single car for cash only since christmas and now the factory has laid off due to losing their contracts its goinna be alot of deer steaks this winter.

 

The facts speak for themselves. I was trying to position myself for my retirement and had no idea of what was being allowed by the investment community. I have applyed for many mortgages in my life and everytime, I had to provide 3 years of Tax Forms, 3 years of W-2s, 6 months of bank statements, and 6 months of paycheck stubs. I thought every one was being held to these standards. Guess it's my mistake. I really feel the "American Economc System" has let me down when I really needed it most. Why would any company issue a loan that had little chance of being paid back? I wouldn't.

BTW, I'm finally getting back to replacing the rusted out body mounts on my '51 Ford Coupe.

 

Just got my tax ***essment on our house - value went up $56k - can't wait for the taxman to come calling asking for more. But what did we do about ?? Got the Turd out and went for a drive - always makes us feel better. We'll find ways to cut back some more, but we both agreed we'll find there will be money for gas to enjoy a nice drive in the countryside - especially in the fall.

We'll be ok, it my kids that I'm really worrying about - how will they be able to do what we'vee done !!

Hope everyone gets by ok !!!

 

I'm poor, always been poor..but seriously, I at this point haven't noticed, mainly because I've been kinda laying low and watching what I spend for a few years now. Sad thing is, it may get worse before it gets better...

 

I moved this year and am carrying two mortgages. Right now I have one rented out at a $300/month loss, but who knows if they will stay.
My job looks secure, but no one knows for how long. I'd pay a lot of money for 20 minutes alone in a room with just me and Bush and a baseball bat of my choice.

 

Driftwood is the new flat black.

 

Im a contractor and work in the new housing market, do I need to say any more ??? Company I work for is down to only 30% of it normal staff and were all facing layoffs and pay cuts.

 

i work at a stealership for a ****py car company
i pray they cant make a good car the warranty work is keeping me fed
hope and pray saturn dosent change things
we have a 2 week back log on work but we are the only saturn dealership in austin