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    eriknugent's Avatar
    eriknugent Posts: 90, Reputation: -5
    Junior Member
     
    #1

    Oct 1, 2008, 03:54 PM
    What's going to happen, am I screwed
    I work as an electrician most work is wiring luxury homes. With everything that is happening in the economy is it over? Will building stop? How long if at all will it come back?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Oct 1, 2008, 04:00 PM

    You may have to look at doing repair work in older homes, doing work in industrial buildings,
    I know several doing expands for millions of dollars.

    For example, new car sales go down, used car sales go up and repair work on older cars go up.

    People eat out a little less, they have to buy a little more at the grocrey store.

    So you may see a slow in your area, what have you done to prepare for it
    Wuerschti's Avatar
    Wuerschti Posts: 30, Reputation: 1
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    #3

    Mar 18, 2009, 04:29 PM

    Actually... did you know that the jewellery industry and the exotic car business rarely even seems a dip in profits during a slumping economy. Luxury homes are obviously owned by wealthy individuals, so don't expect it to slump too far... unless your definition of luxurious means average joe some with a $800 000 house and a mortgage in the 500 000 range... then you're in trouble

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