View Full Version : Not even 12 hours!
Tinelement
11-07-2012, 11:17
And customers are calling saying we need to stop on projects for fear of what just happened last night and the uncertainty of the future.
[Bang][Bang][Bang]
Its been a fun 3 yrs. and 1 month!
(The hand fulls of Z-bars have begun.)
ChunkyMonkey
11-07-2012, 11:18
Sorry to hear it.. I got new calls on refi.. but purchase clients are scared to move forward.
dwalker460
11-07-2012, 11:18
Yeah, I cant see this being a good year for me in racing.
Edit-
Still firming up, but my plans are along these lines-
close the shop to 90% of the customer work, not like there are going to be a lot out there anyway, will only do work for people I like.
pick up a few more rental properties here and in China
go back to trading the markets on a regular basis
Possibly go racing, assuming anyone wants to spend the money. Already getting reports from other teams of sponsors stalling on deals or cutting funding by half or more... its going to be bad
pick up a few more rental properties here and in China
How do you get rentals in china?
dwalker460
11-07-2012, 11:34
Its not easy... and not going to completely derail this thread with the how and why. I will say that the Chinese government is trying to discourage real estate speculation so they typically only allow citizens to own property, and typically only one property per person of age- so you can own one, your wife can own one, and your child can own one if they are of age, so it is not easy to be a land baron....
SouthPaw
11-07-2012, 11:38
Sorry to hear that Neal. Keep your head up!
ChunkyMonkey
11-07-2012, 11:41
Its not easy... and not going to completely derail this thread with the how and why. I will say that the Chinese government is trying to discourage real estate speculation so they typically only allow citizens to own property, and typically only one property per person of age- so you can own one, your wife can own one, and your child can own one if they are of age, so it is not easy to be a land baron....
Look into Bali Island instead. I have one that's renting to a nice Korean expat for $6000! I am looking at properties in Singapore at the moment. These are International destination - a lot of expats, American schools etc. My bro in law moved to Singapore 4 years ago (after BO was elected the 1st time), he is making $$$ w/ his engineering master degree.
I'd stay away China - they have their own bubble. Hong Kong and Macau inclusive.
Yeah, not really holding my breath for getting back to full time employment anytime soon here.
Look into Bali Island instead. I have one that's renting to a nice Korean expat for $6000! I am looking at properties in Singapore at the moment. These are International destination - a lot of expats, American schools etc. My bro in law moved to Singapore 4 years ago (after BO was elected the 1st time), he is making $$$ w/ his engineering master degree.
I'd stay away China - they have their own bubble. Hong Kong and Macau inclusive.
we looked at a transfer to Singapore about 6 months ago....after a LOT of serious consideration, we decided that we wanted our kids to grow up in the United States. I now question our decision . (we also looked at a transfer to Zurich) if either was to come up again, we may reconsider
ChunkyMonkey
11-07-2012, 11:56
we looked at a transfer to Singapore about 6 months ago....after a LOT of serious consideration, we decided that we wanted our kids to grow up in the United States. I now question our decision . (we also looked at a transfer to Zurich) if either was to come up again, we may reconsider
Singapore is boasting 15-20% GDP growth. Yet, they manage inflation to all time low. I remember when CNN asia interviewed the trade minister and asked for their secret. He said, we sent our best and brightest to the US to learn economics and free markets and apply it here to the letter.
Now I am depressed.
Aloha_Shooter
11-07-2012, 12:16
Some good things about Singapore but remember they do NOT have a Second Amendment there. If you think Kommiepornia is bad ...
I just want to diversify my rental properties so one or two international is all im going for. One asian and on south american is likely. Gotta finish this one in greeley first
Some good things about Singapore but remember they do NOT have a Second Amendment there. If you think Kommiepornia is bad ...
you can't even chew gum...gum is illegal in the country
Tinelement
11-07-2012, 12:49
You dudes are making no sense to me.
Im discussing that in less than 12 hrs a real legit business located on American soil is in jeopardy over last night events.
I'm one small company. ONE! How much of this happing all over the country today, right now, as I type..........
ChunkyMonkey
11-07-2012, 12:50
you can't even chew gum...gum is illegal in the country
LIES!!! You can chew gum, but have to swallow it. It's $2000 fine for bubble gum, spit, and smoking. [Coffee]
Zundfolge
11-07-2012, 13:04
You dudes are making no sense to me.
Im discussing that in less than 12 hrs a real legit business located on American soil is in jeopardy over last night events.
I'm one small company. ONE! How much of this happing all over the country today, right now, as I type..........
The company I work for was shaky before the election ... I fully expected to come in this morning and be told we're closing our doors (but the boss hasn't come in yet ... that's part of the problem, he's both lazy and stupid).
You dudes are making no sense to me.
Im discussing that in less than 12 hrs a real legit business located on American soil is in jeopardy over last night events.
I'm one small company. ONE! How much of this happing all over the country today, right now, as I type..........
Sorry to hear what happened to you. I like your work- it's rolling art.
I just had my wife go through all of her credit cards. We cancelled 3 of them. We also just paid off all of our debt. We're in for a hellva roller coaster ride.
You dudes are making no sense to me.
Im discussing that in less than 12 hrs a real legit business located on American soil is in jeopardy over last night events.
I'm one small company. ONE! How much of this happing all over the country today, right now, as I type..........
I have a real legit business im discussing removing my expansion plans from american soil due to last nights events.
the company my wife works for is cutting approx 1000 jobs due to obamacare. she works for a medical device company , there's a new tax on MDC's that is costing multi million to their company....
all money that will be made up from cutting expenses like R&D and payroll
Great-Kazoo
11-07-2012, 14:06
Was told today due to Ocare look for 50% of the surgeons and med service people in NOCo to retire within the year. This from 3 Dr's within the hr, not i heard from someone who knows someone.
Big Wall
11-07-2012, 14:12
Tinelement,
As someone who lost his business due to the economy falling apart, I can tell you this:
Have your house in order and make sure you are looking at income options.
I waited too long and by the time I was looking for work there just wasn't anything (and I mean anything) available. I don't know what would have happened if it wasn't for a couple very good friends.
That was 4 years ago and we are making a come back, but we hit the bottom damn hard.
Tinelement
11-07-2012, 14:25
^^ thanks for the heads up!
Whistler
11-07-2012, 14:45
Tinelement,
As someone who lost his business due to the economy falling apart, I can tell you this:
Have your house in order and make sure you are looking at income options.
I waited too long and by the time I was looking for work there just wasn't anything (and I mean anything) available. I don't know what would have happened if it wasn't for a couple very good friends.
That was 4 years ago and we are making a come back, but we hit the bottom damn hard.
+1
Similar story though we weathered it and came back stronger thanks to family.
Tin - I'll sell you a '47 Chevy cheap if you get bored. Seriously though sorry to hear that, having closed my business I know it sucks.
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