business foreclosure in the US...
By petiksmode
@petiksmode (2983)
Philippines
August 14, 2008 9:23am CST
everyday for almost 3 years i talk with business owners in the US and i noticed that this year more and more businesses are facing foreclosure,,unlife before we had more new business now there is higher percentage of the closing business..
even the real estate business went down and new constructions business, i strongly believe that this is something of the present economy...
do you have business or heard some that closes because of economic probs? thnks
1 person likes this
1 response
@ruperto (1552)
• Philippines
21 Aug 08
so true. There seem to be a shift of peoples spending. Those that have not changed their spending habits are not required to work to get it :)
I heard of a S**r B***cks chain pulling out of 600 outlets worldwide...
It seems those who spend will shift a lot ...
-more for basic foods and less on luxury foods
-more for vital energy and less on non-vital energy
-more for vital health needs and less on luxury stuff
-more for core educational needs and less on non-vitals
-more for opportunities that give good returns and less for entertainment with no returns
that is my opinion. I hope to hear your views too.
Cheers:)
1 person likes this
@petiksmode (2983)
• Philippines
21 Aug 08
yeah i have read abnout the d foreclosure of that coffeeshop and that really pins the economic issue..
i agree on you that people will need more adjusting in their cost of living and this goes for everybody not only in USA..
thnks
1 person likes this
