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Tractor Talk Discussion Board

Re: Is the economy looking better....


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Posted by Pops1532 on May 31, 2015 at 22:02:35 from (98.227.133.60):

In Reply to: Is the economy looking better.... posted by Eldon (WA) on May 29, 2015 at 18:37:41:

The economy in my area improved slightly in mid 2012 and has remained pretty flat since then. Low fuel prices have helped free up a little money for some people.

New home construction has improved....it's now UP to a little over 10% of what it was before the economy tanked! Existing home prices are still 20% or more below what they were in 2008.

Remodeling and home repair is steady but most are on a tight budget.

A guy that runs a local auto repair shop says business is booming. He stays very busy keeping cars with 300,000 miles running.

A friend that works at a new car dealer says new car sales are steady, but only about 60% of what they were ten years ago.

The local shopping mall looks like a ghost town.

I have a buddy that runs a dirt track. He's one of the premiere promoters in the sport. Car counts at hist track are about 55% of what they were 10 years ago and attendance is terrible. Most people in this area don't have much discretionary income.

I don't know what your costs of doing business are, but in this area I'd expect someone charging $75 an hour and no travel charge to have all the work they could handle.


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