2010 Is Going To Be HUGE!

Tom Struble

2010 is also when the new epa lead regulations start,another thing to get ready for

http://www.epa.gov/lead/pubs/regulation.htm

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Tom

HusqyPro

In 2010 the price of gas/diesel powered equipment is going to go up. New regs. A string trimmer that costs $600 now is going to cost $730 after January 1 2010. Bobcat dealer says to expect 25% price increases after January 1 2010. Husqvarna rep told me some chainsaw lines are going to be discontinued and replaced with more expensive emissions compliant models. Heard from the International dealer that truck prices are expected to increase nearly 30% after January due to emissions compliance and slowing sales. Less trucks being sold to offset the cost of compliance.

If you need gas/diesel powered stuff stock up before January.

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Bob's Lawn & Landscape
When You Want The Best
Serving the LC Valley & Moscow-Pullman

MattCoops

The year 2014 is going to be even bigger!

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Matt with Cupan Custom Tile & Paint of Lowell, Massachusetts
Design and installation of ceramic tile and natural stone for floor, wall, and countertops
(978) 601-8774 | cupantile@gmail.com | view tile pictures and more

mrmike

Hopefully, we are going in the right direction now & can recover after the Last 8 yrs of Downfall !! We all have to work at it-our Attitudes- Staying positive- & Supporting Our President & Fellow Americans & just go FORWARD ! STOP THE BICKERING !

MALCO.New.York

This makes NO sense. NONE!

__________________
Something to One may be Nothing to another!

Ultimate Wisdom---------
http://www.youtube.com/watch?v=OW-cnizLDEE

BreyerConstruct

Malco! You're back!

~Matt

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MJW

Some live inside a bubble. You have to just walk by and ignore them.

LNG24

Not to worry here, when lending sources dry up...the feds print more
ie: Cash for Clunkers, $8,000 First Time Home Buyers Credit. (in NY) an additional $1,500 for First Time Home Buyers (coming from the feds)

My question is this: You get $4,500 to trade in a clunker (which they then destroy; what can be recycled is, but the engine is not) toward a $10k - $30k car ...OR you get $8,000 off your taxes to buy a $200k home Anyone else see the problem with the math there?

Agree 100% Mike! Prepare for the worst, Be Ready for the Best. I have personally seen many businesses cutting W A Y back. They cut back so much that when I go to them for their services...they can't provide them. I have experienced this with three businesses in the last 30 days.

Ya have to cut expenses, but you can't cut your ability to make money. If you have a crew of 10, figure out how to keep that crew busy, even if its not profitable during the short term because if you start getting busy, you can easily start taking more profitable jobs, you can't do anything if you don't have your crew in place.

There are people and countries getting VERY RICH right at this moment. They are not seeing anything, not a cent yet, but they are getting rich, why? Because they are buying on the down side, when the recovery happens, they will earn unimaginable returns on their investments. Others will then jump on and try to do the same, but the scale will already be rising and just like 2006, many will get burned, but the ones who bought on the down side always make money.

This is a good thing. Commercial Real Estate as an investment is in trouble. That is, like many of us that hold or held stocks, their portfolio is down. However, the trend in lower commercial rental rates is fueling NEW BUSINESS! Many start ups are now able to capitalize on the lower cost of commercial space and OPEN NEW BUSINESSES. Do I have the stats? Can I quote Reuters? NO! My facts are from the street, not what some newspaper reporter tells us after having $100 lunch with some Real Estate Execs. Within a 10 mile radius of my house, there are more than a dozen MAJOR shopping Center Make Overs! More than 20 Applications for new housing sub divisions and these shopping centers...they are filling up to 90% or better occupancy with NEW businesses.

Now, you may drive down the road and see a few dozen shopping centers that look to be in trouble. 1-5% occupancy rate or completely vacant. However, a brief trip to the towns building department and you will find that they actually pushed the tenants out because the center is in the approval stages for a complete make over. No one does this without already securing anchor stores which usually make demands as to which businesses they want or which must go.

For you Union Guys, this means that you should begin seeing commercial work pour in within the next 6 months to 2 years.

Not entirely true if you prepare with increased inventory, go on a hiring bing etc. But, with some really good guys laid off right now, it is a good time to re look at your crew and rebuild it with the best out there and figure out how to streamline inventory, mobilization, estimating or accounting.

When you're slow, it is the BEST time to revamp your business without too much disruption to the every day work load.

Don't know what you mean with the "Last 8 Years of Downfall" If your business did not do well in the last 8 years, look for another line of work. The last 3 years might have been tough for some, but before that...anyone was able to make a living, buy a home and do well in the stock market.

I honestly do not believe that ONE man is personally responsible for our success as a country or are failure as a country. Without the support of the Senate and Congress, the President, whom ever he is, can not accomplish anything. Our fore fathers set it up that way so we did not have Kings and Queens ruling our land. It must be a large group for different backgrounds.

From Condo Boards to Local Politics all the way up to State and National, I hear more people complain than are willing to step up and help. If more people would get involved in politics, there would be much less corruption.

I half heartedly believe in what Mikes point is, but the facts are that even with the $8,000 Housing Stimulus, Nationally (and locally) we have not reduced our inventory levels. Price and Demand is the only Golden Rule I know well and when I have more homes to sell than I do buyers, Prices will continue to drop. New York is facing its largest number of foreclosures since the mess stated. It won't be over, The Foreclosure Boom, until 2011 as we were still doing 100% Financing, Interest Only Loans through 2006 and even somewhat into 2007. The theory behind these loans were that you can flip the house for a nice profit before the loan set to a fully amortized loan or you refinanced, took out another $50k in equity and put off the inevitable for another 3-5 years.

This is why people are loosing their homes, not due to the interest, not due to the economy, but that the principal is now added to their payment and they can't sell because of how much the value dropped. The economy was hit because the banks packaged these HIGHLY RISKY loans as safe risk free investments and sold them off by the millions. Who bought them...Other countries, Businesses, Investments Groups. Thats why the problem became World Wide overnight.

Just as with the GREAT DEPRESSION, and not with the other recessions we had, there were many False Recoveries. Or, as I like to consider them, blips in the recovery process. We will not simply reverse course and begin a climb up. We will have an uptick, down tick, bigger up tick, down tick etc. Eventually the momentum will be such threat you will see a fast rise out of the hole. But that ain't happening yet nor will it happen in 2010.

Why, Just as with the False Boom fueled by bad loan products, internet speculation (investing in Non Brick and Mortar Business) we have a false recover happening right now fueled by Government Bail Outs, False Interest Rates and the Government Paying for our housing and car purchases.

Until we can stand on our own again and banks can lend base on real interest rates and cars sell because of demand and houses sell because of demand, we can not have a real recovery. So should the government stop all these programs...no, they were put in place to prevent a depression and fuel a recovery.

Sitting in your truck and having a dozen people push you down the road IS NOT driving under your own power. However, sitting in your truck and having a dozen people push you so YOU can jump start the truck is a means at being able to drive under you own power. That is what is happening right now.

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Larry
www.Lexie-Rides.com
www.SportTouringGear.com
St. Lawrence Properties

JustaFramer

My figures for Unemployment running out for people by December include the two federal extensions.

I don't see to many older established shopping centers that look to be in trouble. The ones I see in trouble are the ones that were finished in the last year. The have low vacancy. That is more common place with the new buildings. The older ones we are starting to see the bigger occupied spaces that mothballed sit for at least 6 months now. The city I live in when times were good past a resolution or what not to take down all the older smaller building along a major thoroughfare and be built for multi use. Commercial/residential. This has been a major flop in the last year. I don't see that happening full bore any time soon.

Around here commercial work that is left has a life line of about a year. Most will be close to completion by the end of this year. What is left won't be employing many people.

As for residential I have seen only one so far still building. Slowly I mighty add and they have lowered there price by 100k. And imho I think are 50-75k still to high. There are to many uncompleted or bank owned residential projects around here to say there will be a sizable recovery in 2010.

To much went down to fast to make a fast recovery. Even if there was a fast recovery it would be suspicious and should be treated as such. No need to lull ourselves into a false sense.

A painfull recovery that builds a solid foundation will see great prosperity.

ruskent

I hope 2010 will huge but I don't know what will happen. I am very thankful this crash happened when I was 22-23 years old. This has change my prespective on everything. I am a different person in both my business and personal life. I have no doubt I will survive this downturn and make millions on the upturn.

ScipioAfricanus

Yes, like taking taking cheap shots at our last president.

Andy.

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mrmike

You Explain to me why This does not make sense !!

mrmike

We all live inside of our own little bubbles in certain ways-some are followers-some use their own minds-walking by & ignoring them puts you into a bubble doesn't it??

MALCO.New.York

One word................


Believe.


Those who fell for it ARE the consensus. That is a scary and disheartening fact.



Very Patriotic sentiments in your post, but............

Patrios, being of one Father, no longer is a positive in this day and age. WE must begin to think outside of "The Bubble" so we may remain relatively free and liberated.

__________________
Something to One may be Nothing to another!

Ultimate Wisdom---------
http://www.youtube.com/watch?v=OW-cnizLDEE

rjconstructs

Mike, I am curious about what economic indicators you are using for your predictions?
rj

MarkyMark

Sometimes a little bit of bickering is a constructive thing.

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Ahren

Mike's basing his analysis on the latest reading on the Hope-o-Meter, and weighing it against the Change Index. Right buddy?

Mike keeps confusing the fact that this isn't a normal inventory led recession, rather it's a credit driven recession. The fix isn't going to be quick or easy.

The supposed "savings rate" being up is not accurate. They calculate it by taking income and subtracting expenses. The extra money isn't being saved, it's being used to pay down debt.

HusqyPro

I have a quick and easy fix. The NSA can use their supercomputers to wipe out everyones debt and reset all credit scores to over 800. Presto chango, fixed economy. It's all numbers on a screen anyway.

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Bob's Lawn & Landscape
When You Want The Best
Serving the LC Valley & Moscow-Pullman

JumboJack

I will respect the Office of the President.But no way in the world will I support his horrible policy's!

I'm sure you supported W when he was in office.....

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in texas with framing and cornish people will do it for 3.00 a foot. What do yall think about that? Just laber

LNG24

Ya know, I have heard people who hated Pres. Bush and people who hate Pres. Obama. YOU my friend, are the FIRST person I have ever heard that actually said it with respect!

Regardless of whether I agree or disagree with your statement, one must respect your respect. That is an awfully nice change to what I hear every day.

Isn't it GREAT to live in America? We can actually disagree with our Presidents Policy...AND LIVE!

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Larry
www.Lexie-Rides.com
www.SportTouringGear.com
St. Lawrence Properties