View Poll Results: How's business in your area?
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How's The Outlook In Your Area?

 
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Old 09-29-2008, 10:54 AM   #1
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How's The Outlook In Your Area?


Well, here's how my area is doing...

Orange County, CA Home Building down 94%
http://lansner.freedomblogging.com/2...g-down-94/3990


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Old 09-29-2008, 11:06 AM   #2
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Re: How's The Outlook In Your Area?


It be a lot better w/o the media chiming in "hold on tight to your cash".
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Old 09-29-2008, 11:34 AM   #3
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Re: How's The Outlook In Your Area?


Yes we are off by 48% but after tearing down our overhead and getting it down to a comfort level we are doing great now.

We have kicked up our advertising to try to gain market share. This has worked and our sales now are better then ever. Good luck.
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Old 09-29-2008, 01:48 PM   #4
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Re: How's The Outlook In Your Area?


commercial and remodeling here in Denver seems to be doing ok, just picked up 3 good jobs within the last month. I can tell you when the markets fall we see a drop in leads but for the most part still going strong... so far
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Old 09-29-2008, 11:18 PM   #5
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Re: How's The Outlook In Your Area?


I'm interested to see how others are doing in California or Florida where there are high concentrations of foreclosures.
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Old 09-29-2008, 11:33 PM   #6
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Re: How's The Outlook In Your Area?


Not all areas of the country are doom and gloom like the media want you to think they are.

Some areas real estate has hardly dropped in value and unemployment is not high.
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Old 09-29-2008, 11:50 PM   #7
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Re: How's The Outlook In Your Area?


South Bay is not as bad as OC but we are losing alot of jobs to guy's showing up here bidding jobs for pennies on the dollar. They come from 818, 714 and 619 and have laborers that will work for $35-50 a day. Are foreclosures are going through the roof but houses are still selling at $150,000-200,000 less than last year. My house is in escrow for $396,000 paid $570,000 3 1/2 years ago and at one point in boom could of sold for over $600,000. Friend of mine in in Nor-Cal by Sacramento and construction companies are going under left and right whether they have been in business 2 or 20 years. He keeps switching companies as they go under and said the company that he is working for now dropped there profit margin to 3% to get contracts. They are the only company that has any work within 100 miles of him and his pay has been cut in half.
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Old 10-05-2008, 11:05 AM   #8
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Re: How's The Outlook In Your Area?


Hey guys..Things are SLOW.....with the exception of the commercial side. We have had to switch gears and put in long bidding hours. Although we do pools, spas, landscape and waterfeatures and not homes or buildings it seems the demand is still there but non of our potential clients can get funding. And of coarse the under bidders are out there. I recently designed a large project. My hard numbers from our subs came in at 160k. Some guy bids it and wins it for 150k! Below cost. You wonder sometimes!
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Old 10-08-2008, 07:30 PM   #9
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Re: How's The Outlook In Your Area?


Yes, it's definitely slower here in Northern CA & we too, see many businesses failing. We're fortunate in that we've been in business 10 yrs & have built a solid reputation in our area - so it helps that we have many satisfied clients who refer us. Hang in there, the economy cannot stay down for long, it's got to start rebounding soon.
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Old 10-08-2008, 08:12 PM   #10
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Re: How's The Outlook In Your Area?


First 6 months slower than normal. Last six months unbelievable. The calls keep coming. I am thankful my cup runneth over
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Old 10-08-2008, 09:00 PM   #11
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Re: How's The Outlook In Your Area?


Things are looking bad in NY , I'm getting lots of calls and getting jobs but the HO cant get the cash to do the work . I lost 2 jobs last Monday that took me 5 weeks to line up . I build additions on homes . I am waiting to hear from a HO now about a 100,000 dollar job . I will call him this week my proposal is good for 15 days and the time is up . I think you would have to be crazy to drop 100Gs on a job now , but i will keep pitching . When the sun comes up again ,i will still be here I have nowhere to go.
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Old 10-08-2008, 10:02 PM   #12
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Re: How's The Outlook In Your Area?


.......

Last edited by hbelectric; 10-09-2008 at 03:12 AM.
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Old 10-14-2008, 03:10 PM   #13
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Re: How's The Outlook In Your Area?


I've lost about $200k in business in the past year due to the "wonderfull Massachsetts Economy". People are backing out of projects and using the money to pay for heating oil or bills. Had one client last week pull a real screw job. Signed off on a project, gave me a 1/3 deposit per the rules. Today, found out the client had stopped payment on the check.

Raced to the clients house and was told though a closed door (person didn't have the brass ones to face me in person), that they had lost their job and the
bank had filed a foreclosure notice on the house.

They just filed for bankruptcy also. Mad is an understatement on this one...

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Old 10-14-2008, 07:02 PM   #14
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Re: How's The Outlook In Your Area?


Quote:
Originally Posted by renaissancer View Post
i've lost about $200k in business in the past year due to the "wonderfull massachsetts economy". People are backing out of projects and using the money to pay for heating oil or bills. Had one client last week pull a real screw job. Signed off on a project, gave me a 1/3 deposit per the rules. Today, found out the client had stopped payment on the check.

Raced to the clients house and was told though a closed door (person didn't have the brass ones to face me in person), that they had lost their job and the
bank had filed a foreclosure notice on the house.

They just filed for bankruptcy also. Mad is an understatement on this one...


did you start the job ???before this
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Old 10-14-2008, 07:08 PM   #15
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Re: How's The Outlook In Your Area?


That is getting to be the norm , people backing out of improvement projects after noticing that they must cash in (nest eggs)investments to be comfortable.

Or they've just gotten sick after losing a few hundred grand in stocks.

With in the last 2 weeks I'v experienced one and have heard of 3 others.
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Old 10-14-2008, 08:32 PM   #16
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Re: How's The Outlook In Your Area?


The company I do all my work for has 2 Green homes on the market, not selling. May turn into rentals. 5 other projects on hold until? Work has been slowing down Alot.
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Old 10-15-2008, 06:02 PM   #17
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Re: How's The Outlook In Your Area?


Maybe it's a plan to send home the rate gouging ILLEGALS!
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Old 10-15-2008, 09:00 PM   #18
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Re: How's The Outlook In Your Area?


Kirkland Interiors is doing very well thank you.
With people not moving nor planning a move anytime soon they are looking around and deciding to repaint and decorate.


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Old 10-15-2008, 09:31 PM   #19
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Re: How's The Outlook In Your Area?


Things suck here in Utah!!! I finished up a commercial building a couple months ago and have two homes that are on hold until next spring.

If anyone needs any plans drawn....I'll work cheap!@!!!


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Old 10-15-2008, 09:45 PM   #20
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Re: How's The Outlook In Your Area?


Things are slow here but i'm optimistic for next year as my new marketing plan will kick in.
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