Forbes names OKC most recession-proof
Forbes names OKC most recession-proof

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From Staff Reports
Published: May 1, 2008

Forbes magazine this week named Oklahoma City the most recession-proof city in America.

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Forbes said because of the city’s strong housing market, and solid growth in agriculture, energy and manufacturing, “it looks best positioned among the nation's largest metropolitan areas to ride out the current crisis.”

Other cities that are holding steady or improving are San Antonio; Austin, Texas; Houston; Charlotte, N.C.; San Jose, Calif.; Raleigh, N.C.; Salt Lake City; and Seattle.


 

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Just one last thought on the "low foreclosure" rate here, which is another falsehood anyway....perhaps if a study was done on the percentage of homeowners here versus renters you'd find a higher percentage of people rent here and foreclosure isn't an option for them.....
paul, yukon - May 5, 2008 at 5:12 pm
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Actually it IS a high foreclosure state, it ranked 23rd highest in the country last year. A lot of the states with the higher cost of living fared far better than the state that touts the "cheaper cost of living" as an attraction.One of these days it's going to sink in that this so called "cheaper cost of living" is NOT a benefit, as the numbers on most quality of life issues, and on the state infrastructure prove it to be a detriment rather than a benefit...
paul, yukon - May 5, 2008 at 5:09 pm
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This is NOT a high forclosure state, it is a very, very low forclosure state. I don't own a Taco Bell or MLM. We have an honest to goodness building, a 35 year old business and a huge customer base. We are very well respected in business. Just goes to show you what the word assume can be broken down to. You assumed, you are wrong.
Thoughtful, Oklahoma City - May 5, 2008 at 9:45 am
Hey all your republican sheep this state voted for GB two times. This is the most incompetent administration in the history of this country. Wake UP! And this state has a very high forclosure rate. News Alert: This state is listed as the most storm proof.
John, Lacrosse - May 3, 2008 at 6:36 pm
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Hey all your republican sheep this state voted for GB two times. This is the most incompetent administration in the history of this country. Wake UP! And this state has a very high forclosure rate. News Alert: This state is listed as the most storm proof.
John, Lacrosse - May 3, 2008 at 6:34 pm
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Mister, you've read the story here about the "standstill" budget Okie just had to settle for. An oil and gas rich state, oil at 120 a barrel and NO MONEY in the state coffers. Yeah, this place is recession proof all right. One of these decades maybe the people of Okie and the legislature will discover the word "diversity" and expand their horizons somewhat.......I can't believe I missed the story about the light pole falling....how far away is 2012 anyway? Git er done with duct tape and tie wire and hope for the best until then...
paul, yukon - May 3, 2008 at 4:15 pm
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Paul as far as I-40 ...you missed the story on the news this week about the light pole blowing off the elevated part near downtown and falling on the ladies car and almost killing her. People keep going on about how its going to be moved and be brand ....new blah blah ....but how many will die in the mean time from the poor upkeep on the current one ? Also , why is a recession proof state having to close down over half its drivers license offices ? And I am sure Paris and her husband probably own a Taco Bell franchise or an all you can eat buffet ( tho I would be real nervous if I owned the latter in THIS town )
mister, bogata - May 3, 2008 at 8:29 am
I was born with nothing, but I'm fortunate, I still got most of that.
Nathen, Eskimo Falls - May 2, 2008 at 11:56 pm
Almost sounds like MLM to me....
paul, yukon - May 2, 2008 at 6:40 pm
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Paul, I didn't know I was going to have to get into details. The job involves many things at many levels. There is no way to learn all in less than a year and a half. If thay make one blunder (and they do) it can cost the company thousands of dollars. They move ahead at their own speed. Just an opportunity for someone who wants to earn an honest days pay for giving us an honest 8 hours. If they are not willing to take a little responsibility then they stay at a lower level. Some are content to make less than others. Some are at a comfort level making $25,000 a year and others are more ambitious and make a lot more. I don't know many business that will take on a entry level person with no experience or education to speak of and give the the opportunity to make $65,000+ a year. We are a small company and only have 10 to 12 employees at a time. Some have been with us since we opened this location (10 years). Others drift or just don't show up for work. It is up to them. As the the story goes, those that want to work are employed. There are many others out there that just want a paycheck without doing the work. Not an Oklahoma thing, it is an American thing. We have one employee that rode his bicycle to work the first 6 months. After two years he is making more money than he ever thought it was possible for a non-high school graduate to make. He just bought his first house.
Thoughtful, Oklahoma City - May 2, 2008 at 5:10 pm
Well I guess I'm just confused. You say you review them at 90 days but lose money on them for a year, but you give them a pay raise at the end of 90 days if they show promise but you still lose money on them?..I still don't see in your first post where you mentioned anything about a 90 day review, and you didn't address that "comprehension" issue you accused me of having in your latest posting....
paul, yukon - May 2, 2008 at 3:45 pm
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Rant? You seem to be the angry one here. Obviously you don't understand. In almost any occupation the employer loses money on a new employee. They have to be taught and someone has to teach them. Time lost. Yes, at the end of 90 days they are reviewed. They go or stay. The amount of the raise is directly related to their ability to learn and apply what the have learned. The higher the wage they want to earn the longer it will take to teach them. They have to go in stages. They can stagnate at $10.00 an hour or move on up. Depends on them. They only get fired for not showing up or causing trouble with customers or other employees. We do not need highly educated people, just someone willing to work and learn and be a honest, cheerful employee. Of course the word "Cheerful" means little to you. You are a Grench like person.I feel so sorry for you, you seem so unhappy.
Thoughtful, Oklahoma City - May 2, 2008 at 3:38 pm
Go back and try again Paris, and show me in your first rant about how a raise happens after 3 MONTHS, will you? Who's got the comprehension problem?? If you lose money on these people for one year, you obviously aren't getting a very high caliber person. In my past experiences with employees, you might lose money on them for a month or so before they start generating a profit for you, if not then they get turned loose after a short probationary period.
paul, yukon - May 2, 2008 at 2:51 pm
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Where ever you came from, you obviously don't comprehend what you read. I stated $8.50 for a unskilled person for 3 months. (we lose money on these people for at least a year) The wage goes up after review at three months. We have people who make $65,000 per. It is not a dead end job. It has a future. A very bright future if anyone is willing to work and be there every day. Plus, they get insurance and a yearly bonus.
Thoughtful, Oklahoma City - May 2, 2008 at 2:38 pm
$8.50 times 40 equals $340.00 a week? Sign me up !! How many takers did you have for that kind of money anyway? I'm surprised they weren't beating down your door, all that money and the "cheap cost of living " here...it'll take you months just to interview all the people applying...
paul, yukon - May 2, 2008 at 12:10 pm
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Happy to do it for you Paul. Who knows, maybe others will join in with some Okie Money and you will be out of here in no time.
Thoughtful, Oklahoma City - May 2, 2008 at 11:36 am
Happy to do it for you Paul. Who knows, maybe others will join in with some Okie Money and you will be out of here in no time.
Thoughtful, Oklahoma City - May 2, 2008 at 11:36 am
Paris..the amusement I get to witness at the bumbling ineptitude is worth far more than 100 bucks, but thanks for trying to get rid of somebody who's realistic in this state..thanks for playing...
paul, yukon - May 2, 2008 at 11:00 am
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Paul, how much would it take to get you to leave Oklahoma? I will offer the first $100
Thoughtful, Oklahoma City - May 2, 2008 at 10:43 am
This does not surprise me in the least. I am in a real estate related business and real estate is great in OKC and area. I've go the numbers. Home prices have actually gone down a little. My husband owns a business and has had trouble finding anyone to start an entry level job @ $8.50 to start. All this job takes is being there and being willing to learn a trade. Anyone who shows the willingness to learn is given a good raise and a future that will support a family. He can't even depend on anyone showing up for an interview at 8:00 a.m. So, I agree that anyone who wants to work is working. This is a win, win situation for Oklahoma. Stand up and be proud.
Thoughtful, Oklahoma City - May 2, 2008 at 10:42 am
I'm not so sure "hate" is the proper word...I think it's more like "loathing"...
paul, yukon - May 2, 2008 at 4:57 am
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BJ, that is funny. Paul, please leave.
Matt, Oklahoma City - May 1, 2008 at 9:22 pm
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Oklahoma, Arkansas, Dogpatch..same same.....
paul, yukon - May 1, 2008 at 7:29 pm
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Um,Paul...I don't know how to tell you this, but Dogpatch is in Arkansas, pumpkin. Now, that state is located directly to our East (the same direction the sun comes up...)and easily accessible by jumping on I-40 and not stopping.
BJ, Oklahoma City - May 1, 2008 at 7:26 pm
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I see Paul is on here spreading his hate for Oklahoma.
He hates everything about our state yet,he wont leave.
Alex, Dallas - May 1, 2008 at 6:37 pm
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