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10-30-2009, 01:56 AM
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#16 | | Senior Member
Join Date: Apr 2005 Location: Houston, Texas
Posts: 2,712
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Uh... I'd say it's somewhere between "business is fantastic" and "we're all going to be living in mud huts tomorrow".
And anyhow, even in the remote case that this *were* the Great Depression II, I vote to call it the Greater Depression instead. "Great Depression II" sounds like a bad video game.
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10-30-2009, 02:00 AM
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#17 | | Member
Join Date: Jul 2008 Location: New York City
Posts: 557
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haha aibarr, I just had that conversation with a friend of mine. She brought up a very good point: "Great Depression II" is not synonymous with a depression that is greatER, just similar to the first Great Depression. So even if GreatER Depression sounds better, "Great Depression II" is more semantically sound. However, after she suggested this, I thought, "The Vast Depression" or the "Second Great Depression."
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10-30-2009, 05:25 PM
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#18 | | Senior Member
Join Date: Aug 2004 Location: New York City
Posts: 2,572
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It's pretty bad out there right now; my company has been laying people off consistently for pretty much the past year. There are many VP's here who have been demoted due to the economy and lack of work.
On the other hand, two years is a long time, and the economy's got to rebound at some point, right? Right? Right??? It IS a cycle...
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10-30-2009, 07:26 PM
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#20 | | Junior Member
Join Date: Jul 2008 Location: Downtown LA
Posts: 250
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On the other hand, two years is a long time, and the economy's got to rebound at some point, right? Right? Right??? It IS a cycle... | It's hard to say... our economic fundamentals today are so F'd up that I don't even know what will drive the economy to recovery... Maybe WW III?
Seriously, you guys are brightest graduates of the best schools... surely you can come up with something...
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10-30-2009, 07:26 PM
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#21 | | Member
Join Date: Jan 2009
Posts: 720
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We received two more small projects from a regular client today. Whew! Work keeps coming in, enough to keep us busy. We're actually on track to do just as well this year as last.
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10-30-2009, 07:35 PM
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#22 | | Senior Member
Join Date: Aug 2004 Location: New York City
Posts: 2,572
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In 2 years, my project will in all likelihood be very close to completion. If there aren't any more construction projects for me, I'm going to try to get back into traffic engineering / urban planning. My old firm is actually doing quite well for itself and has expanded from 3 cities to 6 cities since I left.
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10-31-2009, 01:17 PM
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#23 | | Junior Member
Join Date: Aug 2009
Posts: 142
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if anything throughout this economic ripple, I see more civil engineers being hired than 3-4 years ago. Everywhere around nyc is construction mania.
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10-31-2009, 03:05 PM
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#24 | | Senior Member
Join Date: Aug 2004 Location: New York City
Posts: 2,572
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We must be living in two different NYC's. So much construction has stalled due to financing (or other issues) in the past year or two. Off the top of my head, I came up with the following high-profile ones:
2 WTC - Silverstein
3 WTC - Silverstein
5 WTC - Port Authority
Four Seasons Hotel/Condo - Silverstein
W55th & 8th office tower - Boston Properties
Hudson Yards - Related
Atlantic Yards - Ratner
Port Authority Tower
Tower @ Moynihan Station - Vornado / Related
NYC Technical College tower - Ratner
Diamond Tower - Extell
Harlem Park / MLB Tower- Vornado
111 Washington St
Two projects that are in danger of coming to a stop are the 2nd Avenue Subway and East Side Access.
According to the NY Building Congress, there will be an approximately 20% drop in construction spending in NYC this year compared to last. Not good.
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10-31-2009, 03:24 PM
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#25 | | Junior Member
Join Date: Aug 2009
Posts: 142
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maybe there have been some setbacks, but I still see a ton of work going on around the city.
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11-03-2009, 09:26 PM
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#26 | | Senior Member
Join Date: Aug 2004 Location: New York City
Posts: 2,572
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A lot of work compared to other places... but not enough to keep everyone employed.
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11-06-2009, 11:12 PM
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#28 | | Senior Member
Join Date: Apr 2005 Location: Houston, Texas
Posts: 2,712
| Ungghhhh. My life choices are achy.
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11-07-2009, 12:54 AM
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#29 | | Junior Member
Join Date: Jul 2008 Location: Downtown LA
Posts: 250
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i believe 18.7% does not include underemployed people.... The number is probably closer to 30%...
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