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by: FoFa Active Indicator LED Icon 17 OP 
~ 9 years ago   Jan 20, '15 1:31pm  
More layoffs
 
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donnatella Active Indicator LED Icon 13 Forum Moderator
~ 9 years ago   Jan 20, '15 1:32pm  
Scary 4951
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angiekaye Active Indicator LED Icon 16
~ 9 years ago   Jan 20, '15 1:43pm  
So sad and to think our housing market was booming because of all the new oil and gas jobs. Now we will be watching foreclosure collapse of the housing
 
Hope all these workers and families find work 4951
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sapphire Active Indicator LED Icon 11
~ 9 years ago   Jan 20, '15 2:00pm  
[ Removed by Author ] 4951
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doddlebug Active Indicator LED Icon 17
~ 9 years ago   Jan 20, '15 4:13pm  
So sad.  The Houston Chronicle said today that it would not affect the housing market.  The person who stated that was not here during the 80's bust. Emoticon 4951
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donnatella Active Indicator LED Icon 13 Forum Moderator
~ 9 years ago   Jan 20, '15 4:17pm  
Well FMC is building a massive complex in Generation Park (WLHP @ BW8) and Exxon is doing the same off of 59.  Both of those are causing nearby homes to skyrocket in value.  Hopefully, that will offset the issue. 4951
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ET Active Indicator LED Icon 17
~ 9 years ago   Jan 20, '15 4:29pm  
Yeah, I wouldn't get too concerned yet.  If this goes on a year, maybe.  this area didn't get the hyper inflation that housing did in the Woodlands and inside the loop.  A lot of the devaluation will hit there first. 4951
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Francita Active Indicator LED Icon 17
~ 9 years ago   Jan 20, '15 4:36pm  
Well FMC is building a massive complex in Generation Park (WLHP @ BW8) and Exxon is doing the same off of 59.  Both of those are causing nearby homes to skyrocket in value.  Hopefully, that will offset the issue.
 
@donnatella:
 
Lots of high rise cranes on the west side too, most for expansion of O&G jobs. I'll be moving to one of those new ones in May.... hopefully.
 
Word today at a meeting, my company is trying to not do any lay offs, even in the oil field. They want to retain employees. They have already implemented an alternative plan to cut spending. 4951
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ET Active Indicator LED Icon 17
~ 9 years ago   Jan 20, '15 4:37pm  
They have already implemented an alternative plan to cut spending. Work for free? 4951
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angiekaye Active Indicator LED Icon 16
~ 9 years ago   Jan 20, '15 4:42pm  
So sad.  The Houston Chronicle said today that it would not affect the housing market.  The person who stated that was not here during the 80's bust. Emoticon
 
@doddlebug: so true.. most of the reporters nowadays are way too young to remember what we went thru during the 70's and 80's
4951
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Francita Active Indicator LED Icon 17
~ 9 years ago   Jan 20, '15 4:49pm  
They have already implemented an alternative plan to cut spending. Work for free?
 
@ET:
 
There are plenty of things to cut, just for one example: business critical travel only and in house training before vendor training. We had a huge training and travel budget last year, they slashed it. My personal training and travel expense last year alone was +14k. That was only going 3 places for a week each, with 6 classes, 3 were local classes. Compared to others in my group that was nothing. 4951
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Stealth83 Active Indicator LED Icon 16
~ 9 years ago   Jan 20, '15 4:53pm  
Removed By Request 4951
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Retired_Engineer Active Indicator LED Icon 13
~ 9 years ago   Jan 20, '15 5:18pm  
Banks and mortgage companies are doing the same things that caused the last housing collapse, so it's only a matter of time before it happens again.My son has been house-shopping but was discouraged by the inflated prices.  He has had several banks/mortgage companies pre-approve him for up to twice what he feels he can afford. 4951
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