Recession Proof Industry?

[W2R]

How about laundromats? People wash their clothes even when penny-pinching in other areas.

[Moemg]

Quote:

Originally Posted by ziggy29 , so before we left Houston we held a big "housecooling" party -- the opposite of a housewarming, where guests had to TAKE stuff from us as gifts to them, because we weren't planning on moving it or needing it. .

That's a great idea . I think I'll have one of those parties when I move .

[Leonidas]

Here's a good quote:

Quote:

Why not just sell them? No market. As one marina owner notes: "You can just forget trying to sell a power boat right now. No one is buying."

Reminds me 10-15 years ago when cattle prices where horribly depressed. Guys would show up at the auction to sell some cattle at a loss just to not have to pay the feed and hay bills. When they went outside to haul their empty trailer home, sometimes they found that someone had stuck their own cows in there rather than run them through the auction or haul them back home to feed them.

During the oil bust in Houston in the 80's, I remember a banker telling me that the only business that was almost guaranteed to get a loan was a topless bar. He said it was like printing money.

[charlie]

Hi Want2Retire,

I have owned a laundromat for almost 40 years. Normally, sales drop off a little bit during hard times. This year I am down 15% ..... the worst drop ever for me. I think most of it, for me, is that a lot of Hispanic workers have gone back to Mexico (I live in Dallas and 95% of my customers are Hispanic.) My customers are the life blood of housing construction, restaurants, lawn care, etc. I think they will return when times get better and when our immigration policy is fixed.

Cheers,

charlie

[lazygood4nothinbum]

Quote:

Originally Posted by Khan On the other hand:

the one hand



and the other


not just different hands but mounted upon separate bodies.

though the abandoned scows might make good housing for the homeless should unemployment creep up to 25%. in apparent preparation, many south florida coastal communities have enacted restrictive liveaboard standards, going as far as to violate, some would say, ancient admiralty laws on rights of navigation.

to leonidas' quote on boat sales, certainly today's boat sales markets are not recession proof, as much of that is bought up by the nearly- but not fully well-to-do.

here's an example of just one of the boats i've been following out of curiosity.

http://www.yachtworld.com/boats/1986...ictoria/Canada


i first noticed that corbin when advertised for us$136k back in march when the canadian:us stood at about 1:1. now it is asking $99k canadian or us$78,606.

and just the other week i received a call from a sales guy trying to sell a boat i looked at about two years ago when i thought i was flush. no sale in two years yet he only brought the price down 10%. considering a lot of people who would buy such a boat would sell their house to move aboard, it is nothing less than mystical to me how the owner thinks his price won't be going down 30-40% along with the rest of us. with no buyers, other than deep pockets & a lot of hope the market will ever pick up again in one's lifetime, i can't imagine what flotation device they think might keep their price up.