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Sunshine Coast Small Business: A Looming Crisis?
04-14-2014, 04:30 AM,
#7
RE: Sunshine Coast Small Business: A Looming Crisis?
Hi guys

Over the last week there's actually been another two business failures - a roast chicken shack and a budget clothing retailer (and I mean budget - selling overstock out of boxes, etc).

The ones that have closed apart from these have been: a guy who ran a place called "The Pie Shack", which basically reheated and sold fruit pies made elsewhere at huge profit with lousy coffee and lipton's ice tea from a can; a great central American cafe whose owners pulled the "family emergency" ace from the hole (possibly true in this case, since the workers there seemed to have no idea); a West Indian roti shack and another clothing retailer.

So very much what are, as I said to my wife, "boom businesses" - ie stuff that goes well when folks have money to spend. My next hunch is probably just because I'm looking for it, but I sense/smell a tapped out consumer here in TO. I also note listings on Bowen are up 5% this week alone to 77, and there's a lot of what one might call week-old fish in there: things that didn't sell last year or the year before which are back on. In one case, the price for an estate is now off from $3m last year to $2m this - 33% drop, but still way, way out of my price range.

I stick with my estimate, made elsewhere in the blogging community, that some of the more outrageously-priced homes in Greater Van, esp burbs, are going to see drops in the order of 70-80%. But all that will speak to is the nuttiness of the now-fading pricing order...

Jimmy, your correspondent in Godless 416...
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RE: Sunshine Coast Small Business: A Looming Crisis? - by JimmyWW - 04-14-2014, 04:30 AM

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