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so how is the economy?

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unix:
I have my own opinion but wanted to hear other reports from the trenches.

I see a lot of sales, a lot of discounts on everything which suggests people aren't spending.

20% off on this, 25% off on that. On everything. Automotive, clothing, household and in private sales as well.



The Gorn:
My opinion is that we have a constantly-declining "new normal" with minor upticks. In other words, the centerline or baseline what is considered a good economy today is continually declining from what we expected in the past. The full employment economy of 2018 looks like a minor depression compared to the full employment economy of 1998.

All I know is what I see locally here in Ohio. A house that 10 years ago would have gone for 110 (maybe) closed on our street recently for 178K.  Nothing by DC standards but by flyover standards we have some strong real estate speculation going on here. I constantly get a post card from some slumlord company that wants to buy my house for a rental (most of my street is owner occupied by a wide margin so I am sure they would be eager to fuck up our neighborhood for a quick profit.)

And Ohio is meth junkie and poor education / low economic value central where nobody can make anything good or valuable.

unix:
There is in a contradiction in higher real estate prices and the 'new low'.

Weird. Wouldn't you think that as we establish a 'new low', real estate would suffer as a result? Yet a new bubble is forming, or seems to be.

Housing in DC area is all over 400K for anything. The salaries are higher than in the fly-over wasteland but not so much higher to make it cheaper.

I D Shukhov:

--- Quote from: unix on May 26, 2018, 11:53:15 am ---There is in a contradiction in higher real estate prices and the 'new low'.

Weird. Wouldn't you think that as we establish a 'new low', real estate would suffer as a result? Yet a new bubble is forming, or seems to be.

Housing in DC area is all over 400K for anything. The salaries are higher than in the fly-over wasteland but not so much higher to make it cheaper.

--- End quote ---
This will change at some point.  Remember how For Sale signs sprout up everywhere when the real estate market turns south? 

JoFrance:
The real estate market is starting to heat up where I live, but it isn't there yet.  We have a new big company that will be coming into the area soon and that will boost property values, I hope .

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