Does the United States have a spending problem? Obviously, but I really wanted to talk about how the cost of living crisis is presenting itself in your community. That relates to this article because you can’t squeeze blood from a stone. If all of you have no disposable income, no savings, and a job market that can’t support your current cost of living… What happens if you lose your job? Do you default on loan obligations along with America because we are stretched to the edge. Should we vote in members of congress to pass more tax breaks for private jets?Are mods whack? Let me know in the comments.
You’re on a good path, keep it up. People want houses, and mortgage rates are getting lower, and prices are starting to drop.
I think the only thing holding back a lot of people is uncertainty about the future of the economy, and jobs. So people are banking money, not spending it. I have a hobby buying, fixing, and selling guitars, and I’ve noticed a big decrease in sales interest, with lots of sellers.
The good news is that if we make through this mess without losing everything, these people will be sitting on a bunch of money they can finally drop on a house.
Yea the used car market is starting to bottom out here. Lots of people dumbing those extra items. I am one of those people slowing down, money is tight, it’s not coming in. As a customer I’m purchasing inflation mitigation tools, and Capex spending on my farm. Thats it. Consulting was barely a thing in my state before things slowed down so as much as I’d love to do that. It was hard to sell consulting services when I had in of the top grows in the state and people were interested in the industry. I can’t think of anyone who would want to hire a consultant in this climate. Not a single industry except maybe real estate. I also think I’m not the only weed farmer who pivoted to traditional farming. So no surrender over here but a lot of treading water. A lot of the businesses and industries im interested are oversaturated. There’s a lot of people stuck treading water.
When I was in high school and it was time for college planning, I looked at all the careers and starting pays and pay trajectories and decided the pay wasn’t worth it. Started a weed business and went to community college for growing weed. They are still paying the same Damn wages for the same damn jobs if you’re lucky enough to find one. We have gone astray, and the American dream of owning a house and business should not be this difficult and convoluted. How can you run a business when the entire economy is just being jerked around every 6 months. You can’t long term plan a business with an unstable government and economy. We can’t hand kids a shittier deal than we got and expect them to love it and say thank you. How can a business thrive when your potential customers are squeezed to the brink.
I’m going to start the business and succeed but like damn. I’m working over time to make a $20k a year job for myself because the 40k a year jobs are fucking terrible. Im too old to go to college for 2 more years to get a 50k a year job. Be easy on these kids out here. The boot straps are stretched tight! If you are not an asset holder in the 500k-1M range this economy has fucked you to death.
Valid