by Jack » Fri 25 May 2007, 21:17:58
$this->bbcode_second_pass_quote('ShinyOldLady', 'T')he pawnshops and QuickCashLoan places are booming.
That sounds as if people on the margins are liquidating property to pay current expenses.
Sure. There are lots of changes - most subtle, but no less real.
Ammunition, for example. The gun stores have a lot less stock, even in popular calibers, than in the past. The big stores have stock - but not as wide as selection, nor as much.
Crime. It's up where I am. Burglary, robbery - and domestic violence. Perhaps due to financial trouble?
Restaurants - fewer customers, with no waiting lines. Not a
lot fewer - just fewer.
The big houses in the nice neighborhood - people with houses in the 500+ up to 7 figures. Yes, I know, in California that's a slum, but in Texas it's high-dollar. They aren't selling.
Small houses in working class neighborhoods - the kind that are called handyman specials and sell for under 100K. They aren't selling either.
It's all anecdotal. All of it could be disputed or attributed to something else. But something is stirring out there, IMO. If gas prices go up a little more, if food prices go up...if interest rates go up some...I think you'll start seeing effects.