Amazon created a concrete shortage

   / Amazon created a concrete shortage #101  
Appears to me that companies build new facilities that become obsolete in 10 years or so and then have to be demolished. Buildings aren't built to withstand the test of time today.
 
   / Amazon created a concrete shortage #102  
Our new Amazon Fullfillment center here in Waco, TX opened this fall and is now fully operational, with 320 new jobs distributed over three work shifts. Looks like Amazon offered $15/hr wages and got only a few takers. So right now average starting salary is about $22.50 per hour and lots of overtime. Everyone got full benefits and $3000 hiring bonuses.

Between the Amazon fulfillment construction, the hundreds of new home construction going up for SpaceX employees and a major rebuild of I-35, concrete was absolutely hard to find the past year.
Lol. Let me know if they ever stop working on I 35. We've been here 16 years. Seems there is always a major project on 35 between FTW and Austin.

Amazon has at least 2 huge new centers under construction in the Metroplex. One is around 35 and 820 north side of ftw. The other is off of 80 in Forney..ESE of Dallas. Could be more, but I've been by both of these recently.
 
   / Amazon created a concrete shortage #103  
Malls, k-marts, shopco, jc penney, Montgomery Wards, sears, radio shack, toys r us, ........lots of things change...and will continue to change.
LS Ayers, Hudson's, Builders Square, Furrow Lumber, Western Auto, Fleener's Auto Parts. Most Ben Franklin stores (5&10 chain). Burger Chef.
 
   / Amazon created a concrete shortage #107  
Appears to me that companies build new facilities that become obsolete in 10 years or so and then have to be demolished. Buildings aren't built to withstand the test of time today.
Not necessarily a bad thing. Needs change over time, look at the amount of office space that's no longer needed in today's remote working environment. Likewise for manufacturing plants, mills, etc. The needs of today don't always jibe with even 50 years ago, and a lot of these old facilities don't lend themselves easily to repurposing.
 
   / Amazon created a concrete shortage #108  
I think you are probably right; only a matter of time till the house of cards falls. The American working class people have been lied to, cheated, and stolen from for decades at a minimum; just run the numbers on wealth in this country vs the bottom 90%.
Seems like a large percentage have been going along willingly, taking on more debt to live a lifestyle that's beyond their means. No one "needs" a new luxury SUV, $1000 I-phone for every household member, a 55" tv, a 3000+ s/f house, etc. The same "working class" who got greedy and priced themselves out of a job while scoffing up low priced imported goods. Yeah, the corporations, the 1%, et al get the bad rap, but there's plenty of blame to go around.
 
   / Amazon created a concrete shortage #109  
LS Ayers, Hudson's, Builders Square, Furrow Lumber, Western Auto, Fleener's Auto Parts. Most Ben Franklin stores (5&10 chain). Burger Chef.
The demise of Burger Chef may be the biggest American tragedy in all of history. I used to love that place.
 
   / Amazon created a concrete shortage #110  
Not necessarily a bad thing. Needs change over time, look at the amount of office space that's no longer needed in today's remote working environment.
Try shopping for commercial real estate in Austin or Dallas. The exodus of people and businesses from California and similar states has created a boom with demand and prices at all time highs. The amount of growth is staggering.
 
   / Amazon created a concrete shortage #113  
Since the Good Post button showed up, the count will go down, as a lot of those were "Nice job", "I agree" and things like that.

i agree; good post;nice job....
 
   / Amazon created a concrete shortage #115  
Dollar value is just an arbitrary number. The real denominator is the value of the average hourly wage. Judging by living standards of ninety years ago compared to now, I'd say we are doing pretty darn good. The average wage earner has a much higher standard of living and way more disposable income compared to the 1930s. I'll take now over then any day.
I like to use gasoline and McDonald's meal as a measure compared to minimum wage/median hourly wage. I remember being able to buy a regular cheese burger, frie and coke for 99 cents in 1980, gas was about 1$. I think min wage was about 2.85, don't know median income.
 
   / Amazon created a concrete shortage #116  
Seems like a large percentage have been going along willingly, taking on more debt to live a lifestyle that's beyond their means. No one "needs" a new luxury SUV, $1000 I-phone for every household member, a 55" tv, a 3000+ s/f house, etc. The same "working class" who got greedy and priced themselves out of a job while scoffing up low priced imported goods. Yeah, the corporations, the 1%, et al get the bad rap, but there's plenty of blame to go around.
I think my 60" tv was cheaper in actual dollars than my 27" twenty five years ago, not even taking inflation into consideration. Just sayin...
 
   / Amazon created a concrete shortage #117  
I think my 60" tv was cheaper in actual dollars than my 27" twenty five years ago, not even taking inflation into consideration. Just sayin...
From what I've observed the necessary things are becoming more expensive for the wage earner, particularly housing. Gasoline has stayed about the same. In 1970 I could buy 10 gallons for an hours wage (union job) and now, I can still buy 10 gallons of gas for an hours wage, or I could before January of this year. My 19" color TV cost $425 in 1972, my 43" TV for the den is 4k and cost $275. Housing and land are where we are really losing ground, but that has a lot to do with supply and demand. There are a lot more people so demand is up, they aren't making any more land so the supply is about the same resulting in sometimes ridiculous prices for a single family home.
 
   / Amazon created a concrete shortage #118  
I like to use gasoline and McDonald's meal as a measure compared to minimum wage/median hourly wage. I remember being able to buy a regular cheese burger, frie and coke for 99 cents in 1980,
Remember McDonalds' ad campaign around that time where they made a big deal how you got change from a dollar?
I think my 60" tv was cheaper in actual dollars than my 27" twenty five years ago, not even taking inflation into consideration. Just sayin...
Electronics are definitely something that's come WAAAY down in price over the years. When I was 13 in 1963 I bought my first transistor radio. It was $19.99. That translates to ~$180 in today's money. Lot of money for a cheapie made-in-Japan radio that was only AM!
Housing and land are where we are really losing ground, but that has a lot to do with supply and demand. There are a lot more people so demand is up, they aren't making any more land so the supply is about the same resulting in sometimes ridiculous prices for a single family home.
Some of that difference though is what people are buying these days. When I bought my first house in 1976, it was definitely a fixer-upper, as were the houses most of my friends bought for their first homes too. 2 bedrooms, one (very small) bathroom, dirt-floor basement and only around 1000 s/f. Today's homebuyers want something considerably larger, better equipped and move-in ready. So not a totally fair comparison.
I remember comparing what my parents paid for their house in the early 50s to what my first one cost 25 years later and being equally dismayed.
 
   / Amazon created a concrete shortage #119  
The whole “stuff is so much more expensive today” thing is largely a manufactured myth. I won’t speculate on why this myth is pushed as hard as it is. Housing prices are the gold standard but only when you compare median home prices and assume that houses today are the same as they were 40 years ago. They are not. The fact is if you adjust for inflation, you could buy a house for practically the same price as 40 years ago on a per square foot basis. The difference is the median house size is 47% larger than it was 40 years ago.

Believe It or Not, Real Estate Affordability Hasn't Changed Much in 40 Years
 
   / Amazon created a concrete shortage #120  
Some of that difference though is what people are buying these days. When I bought my first house in 1976, it was definitely a fixer-upper, as were the houses most of my friends bought for their first homes too. 2 bedrooms, one (very small) bathroom, dirt-floor basement and only around 1000 s/f. Today's homebuyers want something considerably larger, better equipped and move-in ready. So not a totally fair comparison.
I remember comparing what my parents paid for their house in the early 50s to what my first one cost 25 years later and being equally dismayed.

The whole “stuff is so much more expensive today” thing is largely a manufactured myth. I won’t speculate on why this myth is pushed as hard as it is. Housing prices are the gold standard but only when you compare median home prices and assume that houses today are the same as they were 40 years ago. They are not. The fact is if you adjust for inflation, you could buy a house for practically the same price as 40 years ago on a per square foot basis. The difference is the median house size is 47% larger than it was 40 years ago.

Believe It or Not, Real Estate Affordability Hasn't Changed Much in 40 Years
My dad bought our home in the 1940s for $3500. According to the inflation calculator I have on my phone, that $3500 in 1948 would be worth about $35,000 in todays money, his income at that time translates to $18.75 per hour today. . When my dad died in 1991 we sold it as is needing a new roof, new heat and some physical repairs for $75,000, that translates to $139,000 now. Redfin estimates this same 1127 sq ft home at $570,000. Granted after we sold it the new owner put considerable time and effort into the home, probably adding 50-75% to the value but the square footage is the same. My dad bought the home on a ten year mortgage, you couldn't do that today. With a 20% down 2% interest a ten year mortgage would be about $4200 a month not counting any escrow payments. . There is an apples to apples comparison rather than just speculation.

The west coast has seen asinine price increases over the past 50 years, I am sure other parts of the country would not have seen such high inflation in real estate
 

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