There are more and more ripples from this nightmarish economic climate, or is it just me? People lose jobs, so they can't spend money at Home Depot. Home Depot loses revenue at that store so they decide to close it. The municipality that was looking forward to the taxes from that Home Depot store don't get them. The municipality now has no revenue from this store and they have a huge eye sore empty building that is a problem in several respects. Ugh! What a mess. I will spare you my hypothesis about Credit card banks that aren't making money because most of them also have mortgage divisions, so they jack up the rates on decent customers who were just barely making ends meet. Now the customer finds himself/herself out of work .. or a spouse who helped pay the bills or maybe none of that they were just on the edge after wage cuts .. and so the bills increase and now suddenly it is .. do we pay the mortgage or do we pay the increased credit card bills?? And the house slides towards foreclosure because they can't refinance and can't sell because damn near no one can qualify for a mortgage now even with 850 scores. And the boulder starts to slip out of Sisyphus's hands and begins to roll furiously down the hill.... I just see no end in sight to this massive swirly we are all living in right now.
posted by daphned3620
from Communities confront 'ghostbox' buildings when big-box retailers leave
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