Home Forums Hunting & Shooting Hunter's Campfire What dies in this economy?

If HEB doesn't get in some biscuits and ham. powdr

Whores, haircuts and hospitality never die, just multiply.

For sure lots of people from high rent areas and COVID lockdowns moved out the rental industry is booming locally can’t build apartment buildings fast enough but the folks buying the $500k houses worth $200k is where it will pop

There will always always always be people with enough money or credit, stupid enough, to squander it on eating out. Always has been, always will be.

My restaurant group is EXPANDING right now. As many fold.

Government employees will weather the storm o.k.

Things are a bit different now, but judging historically?


If you have money, get ready to buy real estate in Florida and Arizona.
Beech properties, "Mountain Cabins"...

Not sure how "escape plans" will figure in, but folks always buy these
properties when they are NXXXXR Rich, and dump/lose them in a
bad economy. Big Money to be made during the next boom.

The dollar

we bought a Condo on the beach right at the start of Covid. it has more than doubled in Value.

I think restaurants are going to have a rough time. Food inflation is going to be astronomical by this time next year. A happy meal costing $25 is going to cool the appetite of working families. Interest rates are going to crush the housing market. As rates go up house prices go down. Nobody will be able to sell their home because they’re way upside down. On the plus side many families will see their relative housing costs drop. Inflation will eat into the costs of fixed rate existing mortgages.

Seems to be a good time to have your home paid for. Any time is good for that though.

Yep. And the Economy.

Everything Hiden Biden turns to schitt. 😡

What dies?

.30-30, 7x57, .257 Bob, .250-3000, .45-70 and .22 GTC

It’s a start, YMMV.

The problem is, those $500k houses aren’t worth $200k anymore. Inflation isn’t transitory. If I had to guess, that $500k is going to look like a bargain by this time next year. Burger flippers making $15/hr can now afford $1000/mo rent instead of the $450 they could afford last year when they were making $8.50/hr. Welcome to the new normal. Low interest debt is the smartest play right now.

I can't imagine the truck and SUV market holding up at these fuel prices. And the housing and banking industry has to get beat down thanks to inflation. Property taxes have to be paid on the inflated home prices and same dollar that home loans were based on the last four years is worth half as much now. All this BS is past my pay grade, but I'm glad I don't owe anyone anything besides taxes.

I refinanced in June of 20 on a 15 year at 2.1 for a house I bought in 18. I feel pretty good about that now.

Second homes will take a big hit, good call Dillon.
Lots of folks that couldn’t afford them bought them assuming that VRBO would pay the mortgage. Vacation spending will definitely take a hit.

People who have money will still have money, so some luxury items will still sell. It's the average person being able to buy and over priced vehicle and house and food and gas that's going to be an issue.

You should. That’s literally better than having it paid off.

I sure hope your right, being shut down for 11 weeks hurt. But thanks to Governor DeSantis every quarter since we reopened has been better than ever.

Might could be the final deathblow to big vehicles with fuel guzzling engines. Probably be more repoed than trade-in used vehicles on dealer lots for a good while. Trade-ins on new / newer vehicles will probably be pretty slow due to upside-down loans financed for too long. Same with real-estate / home sales, too. Fully expect personal bankruptcies will probably be climbing, too.

Restaurants and grocery stores are having problems getting normal and necessary stock in, which is especially tough on restaurants and could really hurt their bottom line enough if it continues very much longer to force some to close their doors.