posted on Oct, 3 2008 @ 03:23 PM
I live in Omaha, Nebraska and we had a home crises last year. The reason in that since our city is so large, there is about 700,000 people living here
so dont act like the city isnt moderatly sized cause I have people asking about cows and stuff all the time...and its ignorant, and its growing at
such a fast pace contracters and housing companies came in and flooded our housing market with a bunch of cookie cutter/clone houses that no one
wanted, and some of which are going to crap already. Big surprise. Anyway, they flooded the market, people tried to all at once move to fill some of
the homes, I guess a couple people like homes make by Ikia quality wood and materials, and couldnt sell the house they were in. So houses sat empty,
banks forclosed on a lot and are probably still sitting on them. I know that we have been selling the same 2 houses for 3 years with no luck. There
was even an issue with a lot of fly by night operations involving contractors and skilled workers scamming people and leaving town during all of this.
(by the way I have no qualms with either of the two, and you local contractors are probably great-but there are unfortunatly quite a few that will rip
you off pretty bad.)
So there is a lot of houses not selling in town, but I do think that there is an ok market for people in about the 80,000 - 250,000 range, but not in
the large town homes and mansions everyone thinks they need now. We have a street of dreams every year with million dollar houses on diplay for sale
and fully furnished, I think one has sold. (Keep in mind that a million dollar house here would be about 3.5 in say boston or california.)
also, one other funny thing is that last week there was a huge job fair next to where I work. The thing thats weird about it , to me , is that the
company is Ameritrade, a stock and brokerage firm. You would think that they would be aware of the current financial and walstreet situation- but in a
time when everyone is saying lay off, they are hiring on more people. On the other side of that same coin though, we did receive a memo today that
many of our clients in Texas will be laid off, and we also received info regarding what to tell people if their employer closes its doors and they
dont know whats going on. So I guess a lot of this depends on which part of the country you live in. On the whole, things a pretty good and "Normal"
in the heart land. I wouldn't want to be living on the coast or any well know large city at the moment, because if all of this crises stuff comes
down with the martial law and everything, I personally feel like it would be small areas in few places. I would be a few riot type situations across
the country but not full scale pandemonium with people beaking into your homes for food. Besides, if we all team up we can just bum rush the Canadian
border- they cant stop all of us.
P.s.- I will not tell you where I work, I would get in trouble because any information given out by me would be a huge security issue. Its nothing
cool or involved with military or anything-just plan old business, confidentiality clauses and such ,since the company handles private information
for thousands of people.