All Forum Posts by: Jeff Warner

All this talk about a possible recovery just got my mind on another aspect of it...Social Security and Medicare. If I want to hire someone, I have to pay for those programs even though I know they won't be available for that employee.

As an Accountant, I'm sure you can add more to that then I can Charles. It's irritating to me that these same people that are allowing our country to slip won't address the issue of unfunded liabilities that are bound to hit all at once with the baby boomers coming to collect.

If we are going to create jobs in this country we need a Govt. that is pro business and on our side. I don't think people realize the true cost of hiring an employee. In OR, minimum wage is $8.40, after payroll taxes that employee will cost anywhere from $9.66 to $12.18 / hr. Keep in mind that is the lowest paid employee you can hire.

At that rate, business needs to be BOOMING for companies to justify hiring enough people nationwide to make a difference in the jobless claims.

Jeff

Bryan,

The "bread lines, empty shelves and martial law enforcers are the part of that video that I thought was off base. In fact, I don't think very much of it was accurate, except for maybe OPEC dropping the $ and China refusing to buy our debt.

What you are not seeing with those reports are the unemployed that have maxed out and can no longer collect. Also, read what that economist is saying, incase you forgot of didn't read it here it is:

"The momentum is upward; the recovery seems firmly intact," said Paul Edelstein, senior economist at the consulting firm Decision Economics. But the recovery is weak, "and the amount of growth that were seeing just isn't enough . . . to support sustainable jobs growth," Edelstein said.

Are you kidding me???? In the same statement he says "the recovery is firmly intact", then he goes on to say "but the recovery is weak".

Read between the lines Bryan, these people are sugar coating this thing. What about those numbers is positive? Is it the 34,000 that didn't file for unemployment? That would be a great sign if it was true. I guess the question is, do you really think those 34,000 people found jobs?

How about this from the Zombie Bear guy:

"We all know that the U.S. economy has been badly wounded by the Great Recession. We know that the unemployment rate is 9.6% — 17% if you count the underemployed and those who have stopped looking for jobs.

The Internet also echoes with the pleas of about 2 million long-term unemployed who face a cutoff of jobless benefits Tuesday if Congress fails to vote for an extension."

Look, I'm not saying it's all doom and gloom and everything is bad. This is America and people like to spend money, that's why the I-Phone and I Pod and whatever else Apple comes out with sells like crazy. I don't think we're in a depression, but I don't see signs that point to a recovery in the near future either.

Jeff

Great points James. The "under employment" numbers are huge and getting worse.

Bryan,

With all due respect, you could at least post something pointing to a recovery, we don't need an entire article, just a snippet. Again, I hope I'm wrong but I just don't see a recovery anywhere in the near future.

Jeff

Bryan,

You and I can agree on a lot, just not that there are signs that point to a recovery. As for the many threads on this subject, I have been part of lots of those discussions. I've been on this forum for a while, I just took a break from it because I am building a non RE related business right now.

Again, I wasn't arguing with you...just trying to see data from a different persons perspective. I don't mind being wrong and on this one I hope I am.

Jeff

I forgot you can't just post something on someones FB page without being on their friend list, I did send Sarah a message from her site. I would encourage everyone to do the same by clicking here:

[url]http://sarahdsays.weebly.com/healing-sarah.html#/news/[url/]

It would be cool to see her get a flood of emails with encouraging words from BP members.

Jeff

Bryan,

With all due respect, you did not answer my question. You said:

"I think things are getting better because I read hundreds of articles on the economy, real estate, etc. every week and all signs seem to point to a recover to me."

What specific changes are you reading about that are taking place point to a recovery?

I understand that they can stop the printing press, the question is are they going to do that? There is no indication from the White House that shows fiscal responsibility in the near future.

And for the record, I don't hold Dollars more then I have to. Anything that would be considered "savings" gets put into an asset (mainly for my business at the moment) or silver. In addition, I don't think stock piling food is a bad idea but I might just be weird.

Jeff

Thanks for the heads up Nick, I'll stop by her FB page and leave a message. More importantly though, I'll be praying for her.

Jeff

Bryan,

I would agree with you that the video you posted is not how things would happen, like I mentioned the high unemployment numbers vs the dow being over 14,000, etc. I do think hyperinflation is a possibility and if something (such as decreasing the money supply like Mitch mentioned) isn't done we are headed in that direction. With the non stop printing of money, out of control debt and no plan to stop spending (no matter who is in office) it looks to me like the dollar will continue to get weaker and weaker.

Here is my question, you don't seem to think hyperinflation is going to happen and are in fact leaning towards things getting better, why do you think that?

I'm not arguing, I genuinely want to know if there is something I'm missing about this whole thing. I hope your right I just don't see it.

Jeff

Look at you Terry, rockin in the Mobile business! Glad to see your doing well with it.

To get back to not hi-jacking this thread and actually add something to the discussion...I think it sounds like a deal because it doesn't need to be moved. You might be able to sell it as a "Handyman Special" and give a discount because of the work needed, rather then spend the time and money to fix it up.

I hear what William is saying about wasting time and I tend to agree that it could be a waste of time if you turned it into a full rehab project...just flip it without doing the repairs and you can't lose.

Jeff

I do believe that hyper-inflation is a possibility in the near future. I thought it was funny though, did you guys notice that they are showing the Dow up over 14,000 but unemployment was at 16%? Call me crazy but wouldn't it be likely that unemployment would have to improve for the stock market to get hot again?

Jeff