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A look back on the economy and my career
#9027866
04/02/24 12:39 AM
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Joined: Nov 2009
Posts: 6,765
jskin
OP
THF Trophy Hunter
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OP
THF Trophy Hunter
Joined: Nov 2009
Posts: 6,765 |
As I reflect back 20 plus years of my adult life and career I see a definitive common theme. Is it a coincidence my best years of financial and economic success were during the last two republican presidential terms. That would be 2000-2008 and 2016-2020. Can’t wait to get Trump back in! Granted I have always worked in the construction world so some of you guys may be more shielded during highs and lows of the economy.
"While we are postponing, life speeds by"
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Re: A look back on the economy and my career
[Re: jskin]
#9027887
04/02/24 01:12 AM
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Joined: Apr 2013
Posts: 8,553
freerange
THF Trophy Hunter
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THF Trophy Hunter
Joined: Apr 2013
Posts: 8,553 |
I have an old HS classmate thats been in real estate his whole life in the Central Tx area. We discussed this before as it relates to real estate. He said he hasnt noticed much difference in his biz over the long haul based on which party was in power.
At some point in life its time to quit chasing the pot of gold and just enjoy the rainbow. FR Keep your gratitude higher than your expectations. RWH
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Re: A look back on the economy and my career
[Re: freerange]
#9027898
04/02/24 01:29 AM
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Joined: Aug 2005
Posts: 32,028
txtrophy85
THF Celebrity
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THF Celebrity
Joined: Aug 2005
Posts: 32,028 |
I have an old HS classmate thats been in real estate his whole life in the Central Tx area. We discussed this before as it relates to real estate. He said he hasnt noticed much difference in his biz over the long haul based on which party was in power. Most everyone in real estate did well the last 3 years, but prior to that I can’t say much different. Party in power seemed to be largely irrelevant
For it is not the quarry that we truly seek, but the adventure.
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Re: A look back on the economy and my career
[Re: jskin]
#9027918
04/02/24 01:53 AM
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Joined: Oct 2009
Posts: 1,641
jrgocards
Pro Tracker
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Pro Tracker
Joined: Oct 2009
Posts: 1,641 |
Not a Dem, but 2008 was one of the worst US economies of all time (Only time in my lifetime that I was worried about my financial welfare). George W was President when it went to doo doo. It actually recovered nicely under Obie.
Granted it was some Dem lending legislation that lead to the mess.
JR
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Re: A look back on the economy and my career
[Re: jskin]
#9027944
04/02/24 02:32 AM
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Joined: Nov 2011
Posts: 9,972
unclebubba
THF Trophy Hunter
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THF Trophy Hunter
Joined: Nov 2011
Posts: 9,972 |
I'm in boat and RV finance. I did really well 2000-2008. The boat market crashed in 2008 along with the rest of the economy. It recovered slowly under Obama, and took off again literally the day after Trump was elected. Trumps first win affected my business positively well before he even was inaugurated. The last few years have been a steady decline. I can't wait for November.
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Re: A look back on the economy and my career
[Re: unclebubba]
#9027945
04/02/24 02:37 AM
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Joined: Dec 2011
Posts: 14,301
Ramsey
Pepe' Le Pew
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Pepe' Le Pew
Joined: Dec 2011
Posts: 14,301 |
I'm in boat and RV finance. I did really well 2000-2008. The boat market crashed in 2008 along with the rest of the economy. It recovered slowly under Obama, and took off again literally the day after Trump was elected. Trumps first win affected my business positively well before he even was inaugurated. The last few years have been a steady decline. I can't wait for November. Very interesting
Big Beckett!!
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Re: A look back on the economy and my career
[Re: jskin]
#9027948
04/02/24 02:41 AM
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Joined: Dec 2011
Posts: 14,301
Ramsey
Pepe' Le Pew
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Pepe' Le Pew
Joined: Dec 2011
Posts: 14,301 |
I get some if it, but consider it a complicated issue. During GB presidency the feds willingly participted in lowering mortgage standards and turned a blind eye when the risk became apparent. I liked Trumps deregulation and believe that impacted the economy.
Big Beckett!!
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Re: A look back on the economy and my career
[Re: jskin]
#9027959
04/02/24 03:00 AM
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Joined: Jul 2007
Posts: 35,153
Brother in-law
THF Celebrity
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THF Celebrity
Joined: Jul 2007
Posts: 35,153 |
2008 was the end of my construction career
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Re: A look back on the economy and my career
[Re: Ramsey]
#9027983
04/02/24 04:46 AM
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Joined: Nov 2011
Posts: 9,972
unclebubba
THF Trophy Hunter
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THF Trophy Hunter
Joined: Nov 2011
Posts: 9,972 |
I'm in boat and RV finance. I did really well 2000-2008. The boat market crashed in 2008 along with the rest of the economy. It recovered slowly under Obama, and took off again literally the day after Trump was elected. Trumps first win affected my business positively well before he even was inaugurated. The last few years have been a steady decline. I can't wait for November. Very interesting My industry is more dependent on consumer confidence than what the economy is actually doing, IMO. Fall is generally a very slow time for me anyhow. But, the day after Trump's election, I was slammed with new applications.
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Re: A look back on the economy and my career
[Re: unclebubba]
#9028015
04/02/24 11:49 AM
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Joined: Dec 2013
Posts: 6,976
GasGuzzler
THF Trophy Hunter
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THF Trophy Hunter
Joined: Dec 2013
Posts: 6,976 |
I'm in boat and RV finance. I did really well 2000-2008. The boat market crashed in 2008 along with the rest of the economy. It recovered slowly under Obama, and took off again literally the day after Trump was elected. Trumps first win affected my business positively well before he even was inaugurated. The last few years have been a steady decline. I can't wait for November. Very interesting My industry is more dependent on consumer confidence than what the economy is actually doing, IMO. Fall is generally a very slow time for me anyhow. But, the day after Trump's election, I was slammed with new applications. I bought a used vehicle (still have it) and a new Snap-On tool chest in 2008 right before the bottom fell out. Automotive sales and service follows politics and locally, the price of oil. We will get a big boost in November when Trump wins. Our local economy is very conservative but they will spend if they feel comfortable. April and September are the worst months in general.
Pass the gravy.
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Re: A look back on the economy and my career
[Re: jskin]
#9028052
04/02/24 12:49 PM
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Joined: Sep 2004
Posts: 12,432
RedRanger
THF Celebrity
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THF Celebrity
Joined: Sep 2004
Posts: 12,432 |
I learned to just deal with what ever the situation is and the policies in effect and the current ecomonic situation.
Every thing has it positive and negatives
The last recession we went thru from 2009 to 2011 houses were dirt cheap and the bigger the house the cheaper per sq ft
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