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re: Who are the "Hidden Millionaires" in small towns

Posted on 1/7/17 at 1:24 pm to
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/7/17 at 1:24 pm to
Yes. Also if you see one with a new shop, equipment, storage, it's likely they're under right now. Markets the past few years are going to put a lot of people out of business.
Posted by Decisions
Member since Mar 2015
1493 posts
Posted on 1/7/17 at 1:33 pm to
quote:

Markets the past few years are going to put a lot of people out of business.


Yep. And it's going to be a slow death, too. Sure, they'll buy a little time by selling their higher priced equipment (at a loss) and leasing, but then all of the other debt they can't get out from under will eventually catch up. Many are in situations where one or two good years won't make a difference.
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