Best Depression-Proof Businesses?

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BearBones
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Re: Best Depression-Proof Businesses?

Post by BearBones » Tue Oct 26, 2010 9:02 pm

A true depression? My parents grew up in a rural farming community during the 1920s and 30s, and they subsequently invested nearly exclusively in small rental properties. "Everyone needs a roof over their head," they would say. What other things do we all need when a large proportion of the population is jobless and destitute? Perhaps wood stoves, basic farming supplies, beans & rice, liquor, kerosene lamps and, for men, perhaps the rare woman interested in an unemployed smokey, sweaty, flatulent, drunk man interested in making love under the lamplight.
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MediumTex
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Re: Best Depression-Proof Businesses?

Post by MediumTex » Tue Oct 26, 2010 9:08 pm

BearBones wrote: perhaps the rare woman interested in an unemployed smokey, sweaty, flatulent, drunk man interested in making love under the lamplight.
I am picturing a Dorothea Lange-style scene, except pornographic.

Try getting that one out of your head.  :)
Only strength can cooperate. Weakness can only beg.
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craigr
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Re: Best Depression-Proof Businesses?

Post by craigr » Tue Oct 26, 2010 9:12 pm

Clearly he's a hopeless romantic!  :)
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Coffee
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Re: Best Depression-Proof Businesses?

Post by Coffee » Wed Oct 27, 2010 5:32 pm

BearBones wrote: A true depression? My parents grew up in a rural farming community during the 1920s and 30s, and they subsequently invested nearly exclusively in small rental properties. "Everyone needs a roof over their head," they would say. What other things do we all need when a large proportion of the population is jobless and destitute? Perhaps wood stoves, basic farming supplies, beans & rice, liquor, kerosene lamps and, for men, perhaps the rare woman interested in an unemployed smokey, sweaty, flatulent, drunk man interested in making love under the lamplight.
Actually, during the Great Depression -- many people lost their shirts trying to hold rental property.  Getting tenants wasn't the problem.  Getting paying tenants was.  And then you needed to have a lot of carrying cash, for maintenance and taxes. 

Read Benjamin Roth's "The Great Depression -- A Diary".  It's very eye opening.  A lot of things that I thought would have been depression-proof -- weren't.  (He talks a lot about the stock market in his diary, too!)
"Now remember, when things look bad and it looks like you're not gonna make it, then you gotta get mean. I mean plumb, mad-dog mean. 'Cause if you lose your head and you give up then you neither live nor win. That's just the way it is. "
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Re: Best Depression-Proof Businesses?

Post by Coffee » Wed Oct 27, 2010 5:34 pm

I don't know why I hadn't thought about this before, but:

When we lived in Costa Rica, Panama and Colombia-- everybody had cell phones.  Rich or poor, didn't matter. 

I also read some articles last year about people losing their houses, living out of their vans and RVs and not having cable tv.  But the one thing they found a way to pay for, come hell or high water was their cell phone.

I gotta research this niche, more....
"Now remember, when things look bad and it looks like you're not gonna make it, then you gotta get mean. I mean plumb, mad-dog mean. 'Cause if you lose your head and you give up then you neither live nor win. That's just the way it is. "
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