All one has to do nowadays is take a look at the headlines in the paper and "see" what the Michigan people are thinking. Front page of the Grand Rapids Press, Sunday July 27th edition's headline is "Tipping Point Tough Times Shortchange Workers on Gratuities". The article shows a picture of two waitresses counting their money from tips at the Bull's Head Tavern in downtown Grand Rapids.
The Business section of the Grand Rapids Press reads "School Shopping Dropping... Many Families, Feeling Pinch of Economic Slowdown, Plan to Scale Back This Year".
I now take a look at the Travel Section of the Grand Rapids Press which shows two gals enjoying themselves on a boat, the title of this one is "Knots and Bolt". Now this one doesn't have anything to do with cutting back per say but I do have a friend that owns a marina and what he's noticed is that he still has business it just happens that most people are more local and are not taking their boats up to Traverse City and other places.
In the real estate world, my clients are making moves that are closer to their job and therefore less on gas. More talk is going on about gas efficiency and hydrogen/electricity as fuel savers.
Obviously, the cost of gas has made some impacts on the economy. In general terms, the people I talk with are very concerned about the rising prices (right now, we finally went under $4.00/gallon... by my house it's $3.93). A bunch of comments have been a long the line of "When is the gas prices going to stop?" I don't know. Wish I did. I do know this... I've even changed some of my habits.
- For the most part, I know drive the 4 door car instead of the minivan (I'm saving at least $50.00/wk in gas).
- I'm looking around my house and wondering what I can REUSE instead of throw or give away.
- I'm not running to the store every day. In fact, I tend to lump all the errands into one time.
I have to ask myself and you... "Could these gas prices being so high be a good thing?"
Do you think we will finally become more cost conscience and start being more of a Dave Ram
sey person (you know, NO DEBT, AND SAVING MONEY).
Do you think we might be start re-using our stuff? - If we were better budgeters with our money, would we have so many foreclosures on the market as we do today?
Jokingly, maybe America as a society might be healthy and not overweight... You know, we may have to walk, ride a bike and do some of those things instead of hopping in the car?
;)
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Tanny - I think that high gas prices have changed the automobile purchases of the last year, and finally, the true pigs of the road, are not selling as well as efficient vehicles. Unfortunately the real estate community is know for the hogs they drive (I never did). No I laugh when I see one of my competitors drive by in a Hummer or Yukon, knowing that their last tank cost $100.