s2000Junky

That's good, seems like they are understanding what residual effects of their business does to the area for better and for worse. Hopefully that will really help mitigate the worst parts of their presence. Optics are nice for the company, but actually taking material steps to do something in a well rounded way for the community is where its at.

Zippy

Housing prices have been generally very good in the cities. The only issue is that it drives out the low wage workers that serve food, clean, landscape, etc. San Francisco is a prime example of what happens when the economy is askew.

fltsfshr

I see the last time I posted in this thread in 2018 it was about the growth in our business. Guess what? It's still growing at a phenomenal rate. There's a definite shift in the economy. Box stores, like malls are on the outs but my businesses continue to thrive. The geographical shift continues as people and jobs flee the states with high tax rates and debt. It all goes round and round.

Life is good.

fltsfshr

s2000Junky

For some.

But like the coal minors in the energy sector, modern times and trends are displacing a lot of jobs, and those jobs that used to be consistent compensation with cost of living. So instead of broad prosperity we have small pockets of thriving and wealth and then everyone else. Count your blessings. Someday your service may no longer be needed.

ralper

You live, and your store is in an affluent area. An area where people are getting all of the advantages of this economy. I doubt that the independent retailers across the nation are having it as good as you are.

MsPerky

We have nine new restaurants coming to the neighborhood which I am happy about. We like to walk to places. A few of our faves have closed the past couple of years so looking forward to some new ones. The restaurant biz is very difficult. One of our faves closed because the parent company filed for bankruptcy. It seemed to be doing well. And others have not been able/willing to pay the higher rents imposed when leases ran out.

fltsfshr

Just finished my forecasting for the 1st quarter of 2020. Every indicator shows around a estimated 10% growth. That should come out to about 6% real growth in my industry.
The future is bright.
fltsfshr

MsPerky

Amazon is having a career day here today. Only 400 jobs by the end of the year, but eventually 25,000. Thousands are expected to show up to get their resumes in. And real estate in Arlington and Alexandria continues to be driven largely by the Amazon boost. Prices are up and inventory is down. I'm hoping that things cool off a bit before my nephew and his family return to the area next Sept. They will be looking to buy a townhouse. Probably in Ashburn, which is pretty far out. Unfortunately, around here far out still means pretty high prices.

s2000Junky

This is a very common trend. I would push them to get that house asap. Right now ideally from the sounds of it. They may be paying another 50k+ for the same house next year because of this.

fltsfshr

Didn't Carl Icahn just pull all of his businesses and residency from NYC and move it all to Florida? That has to be another hit. I know Hertz moved their headquarters here a couple years ago.

fltsfshr