Official Recession Thread

[apple]

Ah can forsee that Delivery trucks will STOP using the beetham- ESpecially Supligen delivery trucks!

oh crap! fuh trute! lol

[Rahtid]

B20 jus have a lil patience.
When d recession hits, ppl will have to sell out their houses to pay off debts.
Houses will start to go real cheap.
Vision 2020 hoss.

x2meelion

[apple]

B20 jus have a lil patience.
When d recession hits, ppl will have to sell out their houses to pay off debts.
Houses will start to go real cheap.
Vision 2020 hoss.

hmmmm....

*leaves tuner to continue work...need to save to buy cheap*

[B20VTEK]

sweet!
cheap house soon!

[slick]

sweet!
cheap house soon!

[Rahtid]

but tek my advice,,dont get a govt house jedd

[B20VTEK]

how come man

[Rahtid]

environment,ppl who frequent there are not 'law abiding citizens',the neighbours u will have,,u cant park up yuh car normal and sleep,,and the list goes on dawg,,,,remember im there to see and hear what goes on there,,

there are some that are good,but they wudnt let theirs get taken away,plus those who get the good ones,,,can afford it,but hold strong,,,,we go link sumn,,,

[inocrew]

B20 jus have a lil patience.
When d recession hits, ppl will have to sell out their houses to pay off debts.
Houses will start to go real cheap.
Vision 2020 hoss.

I see a repeat of the 80's.

[Greypatch]

dont get a govt house jedd

cheap build....unskilled ppl building them ...cutting corners to make extra $$


shall I go orn ?

***FUGLY neighbours***

[eliteauto]

^^^ and what exactly happened in the 80's? People who could not pay walked into banks and handed in their keys, but house prices did not drop significantly, they merely remained at a constant level for years and the market was stagnant.
The difference now is a lot of people are paying grossly over inflated mortgages for homes and more so apartments and townhouses which were purchased as a "lifestyle" choice, should these ( mostly young professionals) persons see job losses or salary stagnation occur either of which can affect their ability to service these mortgages then the market will become flooded with these places, however the T&T market is too small and unsophisticated to see real downward movements of prices. But the market is currently saturated with properties I received mail yesterday from a realty company offering me some properties and the prices are still exorbitant, which suggest that sellers and developers are willing to wait longer periods to attract their desired price rather than lower it for a quicker sale.

[B20VTEK]

everyone wanna make a quick buck

[Conrad]

^^^ and what exactly happened in the 80's? People who could not pay walked into banks and handed in their keys, but house prices did not drop significantly, they merely remained at a constant level for years and the market was stagnant.
The difference now is a lot of people are paying grossly over inflated mortgages for homes and more so apartments and townhouses which were purchased as a "lifestyle" choice, should these ( mostly young professionals) persons see job losses or salary stagnation occur either of which can affect their ability to service these mortgages then the market will become flooded with these places, however the T&T market is too small and unsophisticated to see real downward movements of prices. But the market is currently saturated with properties I received mail yesterday from a realty company offering me some properties and the prices are still exorbitant, which suggest that sellers and developers are willing to wait longer periods to attract their desired price rather than lower it for a quicker sale.

Do I smell expats and other foreigners who are witnessing the deflation of their money before their very eyes at home take up residence in a 3rd world country that is all to ready to embrace them and new "dougla" children?

[eliteauto]

Conrad, there are large scale projects planned which will woo both foreigners and many foreign based T&T nationals who are desirous of returning home but only if the lifestyle to which they have become accustomed to can be assured

[djcase00]

^^^^^^^hadda be private money. the government will soon not have any. Where ever it come from i jus doh wanna be unemployed and bored and starving at home....

[X_Factor]

after carnival is when most ppl would feel it as a good portion of $$ would have gone in christmas/new year celebrations and then finished with carnival..
the cost of market produce is already increasing every weekend and im sure its gonna go up even more....imagine $4 for a lil bundle of Chive
chicken is now 6.25 and up per lb and expect it to hit a cool 7.00 or more next mth
soo brace urself!!...it comin soon!! and its not a movie

[Rahtid]

after carnival is when most ppl would feel it as a good portion of $$ would have gone in christmas/new year celebrations and then finished with carnival..
the cost of market produce is already increasing every weekend and im sure its gonna go up even more....imagine $4 for a lil bundle of Chive
chicken is now 6.25 and up per lb and expect it to hit a cool 7.00 or more next mth
soo brace urself!!...it comin soon!! and its not a movie

i hoping by the time my chikens ready to sell,is much more,no offence to anybody,but i hadda pay plenty for feed,etc.

[silentbaby]

..... WTI touched a low of US$49.93 today.... Crappo smoke we pipe....

[equipped2ripp]

and it will go lower

[Greypatch]

30 dollars here we come

[megadoc1]

back to $19.50 i feel

[phreakazoid]

Ok ..so oil prices will reach an all time low very soon. Who here understands the economics of the situaton? .....plz enlighten me.

I was thinking ....if we cannot get good prices for our oil right now ...why dont we just stop pumping until prices go back to normal...In the mean time we can find some other source of income...I mean after all the oil not running away from the ground....I'm thinking pretty soon the price will go back to normal and we can get top dollar for our oil.

Are the oil suppling contracts binding in such a way that we must keep supplying no matter what or do we have the option to not supply?........let me hear your views .... i dunno much bout how this oil thing works

[B20VTEK]

hmmm

[Maserati]

Ok ..so oil prices will reach an all time low very soon. Who here understands the economics of the situaton? .....plz enlighten me.

I was thinking ....if we cannot get good prices for our oil right now ...why dont we just stop pumping until prices go back to normal...In the mean time we can find some other source of income...I mean after all the oil not running away from the ground....I'm thinking pretty soon the price will go back to normal and we can get top dollar for our oil.

Are the oil suppling contracts binding in such a way that we must keep supplying no matter what or do we have the option to not supply?........let me hear your views .... i dunno much bout how this oil thing works

stop pumping you say?
the amount of jobs that would be lost and the amount of revenue that would be lost is unthinkable it would do more harm than good.
sorry mate that is just not a feasible option.

[phreakazoid]

^^well i guess we just have to feel the pinch together and just accept the situation as is ...sigh

[Rudman]

I was thinking ....if we cannot get good prices for our oil right now ...why dont we just stop pumping until prices go back to normal...In the mean time we can find some other source of income...

Other sources of income yuh say?

What do you sugest? Manufacturing? Agriculture?
What did the government do to strenghten these sectors when they had the finances to do so? How have they invested in these sectors to make them more competitive on the world market when the bottom of the oil barel drops out?

Not one Fack my friend......we didn't learn our lessons.

[Conrad]

Rudman the gov't may have done very little for agriculture but other industries have benefitted a lot.

[phreakazoid]

There will be a point if time when we have to stop being so damn dependent on our depleting oil reserves!......agriculture ,manufacturing and tourism should be our focus but what do we do to improve these areas ?

[TriniVdub]

So ah guess upgrading my turbo and other aspects of my car dis year was a bad idea

[vimal_vs]

There will be a point if time when we have to stop being so damn dependent on our depleting oil reserves!......agriculture ,manufacturing and tourism should be our focus but what do we do to improve these areas ?

but doesnt tourism raise GDP? alot of locals in countries that depend on tourism cant afford land, food etc?
agriculture.. what happened to the farms the government promised? sigh.. the only thing them fackers coming tru with is housing schemes..

The recession? i predict, the PNM will lose the next elections because of how badly they fked up our country, some party will come and clean up everything.. then them dotish PNMites will go back to their beloved manning for another 20 years.