Originally Posted by
derekt
Here in Allentown Pennsylvania gas is $4.09 for unleaded.
Secondly, my boss... JJ has had his house up for sale for 78 days now. It's a nice 3 bedroom condo townhouse. It started at $192,000. He's been sitting on it for a while now and now it's been lowered to $189,900.
Fortunately, his house is in a 300 unit development. There were a total of 8 houses on the market at the begining of this month. Last week there were 4 closings in the same week. So now there are only 4 houses up for sale including JJ's.
So it appears to me the economy is not getting any better.
However, with all of that said I am happy to report that our DVD Sales are up 60%, and our memberships are up 30% (these figures are from last year).
So we are noticing a great profit margin here... it's just it's being lost at the gas pumps and lowering of the house sale price.