Student Loan Debt?

[two_bit_score]

Could very well be… daily notices of business closings and layoffs…

SF Bay Area

Some are leaving… others letting property go foreclosure, tech downsizing and out of control crime driving out profitable business but not worth the risk for employees and customers.

Cali, the land of milk and honey.

 

[ultrarunner]

Moving maybe to cash out while the getting is good is definitely a factor.

I’d say crime along with high taxes and utilities even more of a reason.

When a new Walmart, Starbucks, In and Out go dark and so many of the established trendy highly rated eateries leave along with scores of small retail walking away it’s clearly circling the drain.

Thing is in 2019 we had finally turned a corner… business wanted to be here and renovation was everywhere… no idea how we recover post pandemic.

Oakland storied Universities also done in by Pandemic restriction… the pool of cash paying foreign students dried up.

The police can do little more the observe and report property crime…

As one officer said this week, “I can witness a smash and grab or theft but have no power to pursue or apprehend using force… so unless the perps willingly pull over… they get away”

It's hard to see so much around crash and burn...

In-N-Out to close first location in its 75-year history due to a wave of car break-ins and robberies

In-N-Out Burger will close its first location in its 75-year history due to a wave of car break-ins and robberies at its only restaurant in Oakland, California.

apnews.com

 

[MossRoad]

Must be regional, because I've seen no relief here.
Our expenses are still way up from a few years ago.

Our expenses are near the same percentage wise due to our wage increases.

 

[Torvy]

Our expenses are near the same percentage wise due to our wage increases.

That may be good for you personally, but those expenses went up for your neighbors on fixed incomes or whose jobs didn't raise pay enough. That's why we use data. Anecdotal evidence is horrible.

 

[lilranch2001]

The King Ranch in Texas is over 800,000 acres.

My Lilranch is 15 acres!

 

[two_bit_score]

That may be good for you personally, but those expenses went up for your neighbors on fixed incomes or whose jobs didn't raise pay enough. That's why we use data. Anecdotal evidence is horrible.

He may have been smoking some wacky weed when he posted.

 

[lilranch2001]

Puff puff….
Pass

 

[jyoutz]

Must be regional, because I've seen no relief here.
Our expenses are still way up from a few years ago.

A lot of things are priced at their new normal. It’s hard to sell a fast burger for $5 when the burger flipper is now making $18+ per hour (starting).

 

[bunchgrass]

Actually, the economy is doing pretty well. Our wages are up, our expenses are back to pre-pandemic percentages, we don't know anyone that is unemployed, our kids have money in their bank accounts, their job and education prospects are fantastic, our investments are doing great... The same situation applies to all of our friends and co-workers that we talk to. There are many new businesses coming to our area, billions in investment in our county. So I just don't see the doom and gloom. Maybe it's regional?

Same here. The doom and gloom is from people trying to paint a political picture based on things they're not experiencing directly but heard someone else they don't know is.

 

[bunchgrass]

Cali, the land of milk and honey.

Still with an economy that ranks in the top 10 COUNTRIES in the world. Just behind Brazil and ahead of Russia.