Home Forums Hunting & Shooting Hunter's Campfire When Is The Crash Coming?

Can’t speak for all but here’s our situation, we shut down both locations as mandated, have rent of 8k per mos at one location & mortgage of 3600 at the other.

Now they said we could open at 1/4 capacity & then a week or so later at 50% Cool let’s roll & put people back to work


Lots of our crew happy to be working even w wearing masks & lower productivity due to the increased sanitation measures we have to utilize


Some employees mad at us for offering them work 🤦🏼‍♂️ W ue + the 600 extra some are making as much or more for sitting home


Had 2 quit so far because of it.


Told the wife I can promise we can save some of your biz, but likely not all 🤷🏻‍♂️

We got a stimulus loan, a lil north of 300K, accountants still trying to discern how much will be forgiven


But regardless of employees, we expect client count to be down, how much remains to be seen.

We have a handful of residential rentals, we half priced rent till things shake out a bit, & an air bnb that’s down significantly


It’s kicked our retirement plan solidly in the teeth, but we’re still the lucky ones due to our age & how long we’ve had to prepare


We’ve always tried to prepare for rainy days, but never saw this toad choker coming. If it was necessary, fine, if it was an overreaction to the Kung flu, then f a bunch of azzholes that crippled our economy

Many don't have reason to realize how much[%] of any local economy is driven by local and state .gov spending.
Most have become very fat with tax revenues, something that is about to change, drastically.

How old does one have to be to qualify for Geezer status?

This is what happened at the medical practice where my daughter works. Once the office staff did the math on: unemployment, + $600 per week + no child care costs if they stayed home + reduced mileage on the car, they were fighting over "Who GETS to be furloughed?" ... All this debacle did was make it financially attractive for a larger number of people to NOT work...

Im in comercial real estate with a good portion of my business being leasing. Even during the great crash there was always some dreamer ready to open a salon or restaurant when one went out. Where I am at prices are crazy for rents and a adjustment downward wont kill off too many Landlords as many purchased properties on the cheap as others lost them during Obamas recovery. Warehousing never shut down as mos tenants are service and distribution which were essential services. My income will suffer in about 90 days as my pipeline of deals got interupted but after three great years with no debt most like me have some financial fat to burn off if needed. Most companies will reopen. Those PPP loans will help.. . .

I don't think you'd qualify just going by the pics you've posted. You don't look that old. I have seen "how old are you" threads on here in the past and was somewhat shocked to find out how many members are in their, shall we say, twilight years.

If they just get going it will pick up quick. People are spoiled and too used to running and spending. Sports and toys and restaurants are all unnecessary but younger people especially believe it’s normal. As stated earlier a lot have not lost any income. Ed k

I wouldn't say its just the young people who think its normal.

65 of 67 counties in FL are open. Last will be coming. Parks, etc open soon. Beaches, restaurants, too. I don't see a crash.



A quick state-by-state synopsis by Communist News Network. Updated yesterday, May 13th.

https://www.cnn.com/interactive/2020/us/states-reopen-coronavirus-trnd/

The stock market was oversold, real estate is over priced, something was going to pop the bubble. I think we are only in the fist innings of this game. I don't think it's 2008, not as many people living on credit and Trump will keep the money hose going. But I don't think we are close to bottom yet. Stocks have had two failed rally's, and I think will retest the lows or at least get close yet this year. In 9-12 months there will be a lot distressed properties that used to be vacation rentals that will put pressure on the housing market for the next couple years. We will loose 10% of our GDP for a couple of years, so no v shaped recovery in my play book. The good news is we are in better shape than the rest of the globe, and it will recover with time.

The market is forward looking. What is it telling you?

You guys are correct about the unemployment + $600.00. It's gonna slow the recovery. However, the $600 runs out in July. When that dries up, I think a lot of people are going to want to go back to work. Let's hope that Pelosi's $2000 per person bill dies in the Senate. That would be a knife in the heart of the recovery.

600 a week is more than I get paid now.



By a lot.



Its like 850 a month after taxes.


How do you sign up for such a payday??

You work too hard, so you don't qualify.

My Saints are set to play the bucs on September 13 in the Super Dome. If Latoya the destroya, Cantrell (mayor of NO) would back off, I can guarantee you the dome would be sold out. (And rightfully so in my opinion)

The people around here want it to end. The freebie fest ain't over yet, so she doesn't want the gravy to stop just yet.

Virus Smiirus.


Clyde

Get laid off.

That is a very real possibility & the Demons in various states key that are maintaining a tight shutdown, like MI & PA, are doing all that they can to keep from opening in the hope or further damaging Trump.

And now Pigloshit want to do another $3T bill to pay people to stay home into next year............if the R's & Trump allow that to pass in any real form, they will have signed their own death warrant for the election.



But on the other hand, I think the above is true too........................so who the fu^ck knows.

What I do know is that however bad it get, if the R's lose the senate &/or the WH, this will get exponentially worse exponentially faster.

MM

You get paid!!!???

You'll have to teach me how to go about that...

I would have to be employed first.