Seems to me that we should be asking "Destination Resorts" to build the destination resort part of their business plan first. You know, the hotels and overnight lodging.
If they can't do that, then we need to figure that A.) they aren't meant to be destination at all and B.) they probably aren't viable except as subdivisions.
Not that the problem is going to come up again anytime soon.
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Original predictions about the length of this recession (and Central Oregon has never come out of the recession, in my opinion) seemed to be holding. 7 to 10 years. I start the beginning from August, 2007, though officially it didn't start until early 2008.
So four years in, and we are in the midst of another bear market and lowering employment and high foreclosures and lower sales and prices on houses.
It appears from this morning article in the Bulletin on jobs, that the biggest increase has been in "leisure and hospitality" and "accommodation and food services" and "retail."
Which is just another way of saying "Minimum Wage."
Bend's industry is tourism and retirement and those are mostly minimum wage jobs and I'll be damned if I can see what will ever change that.
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"Another Recession Unlikely."
Hah.
**********
"Baby Boomers weight down market."
"...baby boomers dumping stocks to branch into more conservative investments as they retire."
Not mentioned is that these baby boomers will probably be going backward in their net worth, because "conservative investments" won't be generating much. Leaving less net worth for the next generation.
If they can't do that, then we need to figure that A.) they aren't meant to be destination at all and B.) they probably aren't viable except as subdivisions.
Not that the problem is going to come up again anytime soon.
**********
Original predictions about the length of this recession (and Central Oregon has never come out of the recession, in my opinion) seemed to be holding. 7 to 10 years. I start the beginning from August, 2007, though officially it didn't start until early 2008.
So four years in, and we are in the midst of another bear market and lowering employment and high foreclosures and lower sales and prices on houses.
It appears from this morning article in the Bulletin on jobs, that the biggest increase has been in "leisure and hospitality" and "accommodation and food services" and "retail."
Which is just another way of saying "Minimum Wage."
Bend's industry is tourism and retirement and those are mostly minimum wage jobs and I'll be damned if I can see what will ever change that.
**********
"Another Recession Unlikely."
Hah.
**********
"Baby Boomers weight down market."
"...baby boomers dumping stocks to branch into more conservative investments as they retire."
Not mentioned is that these baby boomers will probably be going backward in their net worth, because "conservative investments" won't be generating much. Leaving less net worth for the next generation.