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Are they any outwards signs of the recession in your local town?

13

Comments

  • bo_drinker
    bo_drinker Posts: 3,924 Forumite
    I noticed quite a few "To Let" signs in a local town a few weeks ago. One or two factory units are boarded up, plus a few pubs here and there, but no really obvious sign of a recession.

    What about in your area?

    What are "obvious signs" ?? Our area is pretty much as others have described. If those are not obvious signs then what is?? :confused:
    I came in to this world with nothing and I've still got most of it left. :rolleyes:
  • Woby_Tide
    Woby_Tide Posts: 5,344 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Woolies gone, couple of restaurants closed(countered by at least 2 or 3 opening in the last few months). As it tends to be more tourist related be more interesting in the summer months as to whether it's busier because people are holidaying in the UK like they keep telling us, or that it's quieter as no-one can afford a holiday anywhere.
  • twirlypinky
    twirlypinky Posts: 2,415 Forumite
    Where I live it was already fairly grotty to be honest. A lot of very wealthy people live here (Hospital town with medical staff that don't want to travel a long way) but none of them shop here, they all go into central oxford or one of the outlets. Anyway, back to the point. Lots of charity shop, a new one opened a couple of weeks ago. Subway and Starbucks always have a queue and so does the chippy.

    There aren't many other shops. There are two cancer research places over the road from eachother, and lots of others, we've got about 6 charity shops I would think.

    What is interesting is that our big Somerfield is turning into a Waitrose, so perhaps the locals will start to shop here for that.
    saving up another deposit as we've lost all our equity.
    We're 29% of the way there...
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Lots of closed down shops, to let signs everywhere. I think in the end it will be good for many high streets though .

    Chain stores have proliferated like a plague of mushrooms to the point where most high streets have begum to look like identical copies of one another.

    The chains have expanded far beyond the point where there was a business case for them to do so. If the "Woolworths. Foxtons. JJB Sports. Dolcis. Body Shop. Clintons. Subway. Starbucks. Starbucks. JJB Sports. WH Smith. Foxtons. Starbucks. Greggs. Cafe Nero" parade is getting broken up so more agile local retailers that actually fulfil a purpose to their community can open, all the better.
  • elaina79
    elaina79 Posts: 953 Forumite
    I live opposite a building site where there is almost no activity anymore. At the end of my road the pub and shop is boarded up and my local shopping centre is looking very empty.
    I used to suffer from lack of motivation.... now I just can't be arsed.

    Official DFW Nerd Club - Member no. 1141 - Proud to be dealing with my debts :cool:
  • tomterm8
    tomterm8 Posts: 5,892 Forumite
    Part of the Furniture Combo Breaker
    Really2 wrote: »
    I never started speaking a foreign language in the boom :)

    I think there are two reasons for it. Firstly, sterling has fallen in value so much, there are far more competative countries abroad for foreign labour. Lots of the poles that were here in the boom have left. A pity, I always quite liked them, they were hard working and friendly.

    Secondly, I live on the edge of a town that is basically a minor tourist town (mainly French, Spanish people on day trips) and they have a recession that's deep. So the tourist season is much shorter than it was.
    “The ideas of debtor and creditor as to what constitutes a good time never coincide.”
    ― P.G. Wodehouse, Love Among the Chickens
  • Woolworths, Zavvi & MFI have all recently closed.

    A men's clothing store has closed, a hi-fi shop closed.

    The pubs were packed on Saturday but was talking with people who said that they weren't very busy on Friday. Normally, they're busy both nights.

    The missus visited a local hairdresser a couple of Saturdays ago and normally struggles to get an appointment on a Sat afternoon. She arrived there and four of the chairs were empty!

    Some restaurants are clearly not as full. The ones that are have reasonable prices (£12-£16 for mains), do great food & have a nice ambience. The more expensive ones don't seem to do as well during the week but are still busy at weekends. That will likely change soon - the local car manufacturer is down to 3 days a week and about to close for 6 weeks.

    Shame. Apparently it's only going to get worse before it gets better...
    Mortgage Feb 2001 - £129,000
    Mortgage July 2007 - £0
    Original Mortgage Termination Date - Nov 2018
    Mortgage Interest saved - £63790.60
    ISA Profit since Jan 1st 2015 - 98.2% (updated 1 Dec 2020)
  • chaotic_j
    chaotic_j Posts: 457 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Lots of closed shops and also increasing crime.
  • Lots of For Sale signs on the thousands of flats built that Bournemouth and Poole Council gave the ahead to and the development firms going bust.
    end the tv tax
  • Running_Horse
    Running_Horse Posts: 11,809 Forumite
    Part of the Furniture Combo Breaker
    Yeah, walked round a new development of riverside flats, and it's like a ghost town, and a couple of repossession notices.
    Been away for a while.
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