Home Depot plunges after worst revenue miss in 20 years

Just how bad things are financially won't be accepted by the masses for another 2-3 months (just a month or two after the new Federal Reserver FedNow digital currency is put into service).

Then it'll be a catastrophic dive to the bottom.

I have Mexican neighbors at the end of my street that tried to make money off the Housing shortage here in California!
They bought a Corner home that had some land in the back of their house.
Well they took out a loan on their home and split their land and had a new home build on the land in the back of their home (faces the street). Sounded good and the house is nice hardly any yard and it sold pretty fast for 1/2 a million!
I thought "Wow they sold it!" well after a while I drive by the newly built house and it fell out of escrow! Now they are in trouble with the loans! Now they are selling both homes and so far getting no bites due to the high interest rates!
They had an open house on their original house, decorated the entrance of their walkway with beautiful red cloth to attract buyers! (never saw they before?)
They have chairs and tables out with cookies trying to get interest in selling their house!

What to do? What a mess they are in! And they have expensive cars on their driveway! High payments! I just hope they don't suicide with their mess.

I have Mexican neighbors at the end of my street that tried to make money off the Housing shortage here in California!
They bought a Corner home that had some land in the back of their house.
Well they took out a loan on their home and split their land and had a new home build on the land in the back of their home (faces the street). Sounded good and the house is nice hardly any yard and it sold pretty fast for 1/2 a million!
I thought "Wow they sold it!" well after a while I drive by the newly built house and it fell out of escrow! Now they are in trouble with the loans! Now they are selling both homes and so far getting no bites due to the high interest rates!
They had an open house on their original house, decorated the entrance of their walkway with beautiful red cloth to attract buyers! (never saw they before?)
They have chairs and tables out with cookies trying to get interest in selling their house!

What to do? What a mess they are in! And they have expensive cars on their driveway! High payments! I just hope they don't suicide with their mess.

A new currency doesn’t change the economy……
Biden will lose.

Local Home Depot just got rid of all their gas-powered blowers and trimmers. Every single one.

I like Echo brand 2-cycle equipment, and they have all been removed from the shelves. Only ghey electric battery equipment remains.

2/3rds of the gas-powered lawnmowers have been replaced with ghey electric battery mowers too. Only vaxxed idiots and trans buy that shit.

Home Depot is Fucking themselves.

Cape Coral Home Depot is packed any time you go there.

I was in HD just recently for something, as I passed the grills I was blown away... $800-$1500 for a grill? WTF. Even the little two burner shit ones that used to be like $200-$300 are over $500 now.

I stopped going to Home Depot and started going to Lowes when possible. Not that much better, but a little better.

The writing is on the wall and clear as day. Even people with the means to buy whatever whenever aren't paying these prices. Everyone sees the lie too, from those I've talked to. The lie that inflation was 12% for two years and 5% so far this year making everything 30% more expensive... "officially", but the prices are like 2x for many things, easy.

Default on the loans and run back to meheco? lol

Here’s what’s going on but not just home depot

Revenue miss means their prediction

They based predictions on past performance

During lockdown years people had money and time to decorate homes and gardens

Big boom ensues and higher demand

People are back to normal and not spending money

Those at the top of these companies based predictions on shit staying the same

They is dummmmmm as fuck and if you work for a company like that find a new job

They predicted wrong, can’t hide poor revenue from the markets

Eventually you get found out

Was that for a lawn or a golf course?

Great thread.

90 % drop in home refinancing which was often used in part for home improvement. Major drop in home equity loans due to soaring interest rates, falling home prices. Few use saving to renovate homes. Fix and flip market has dried up due to the crash in the real estate market.

I was in HD just recently for something, as I passed the grills I was blown away... $800-$1500 for a grill? WTF. Even the little two burner shit ones that used to be like $200-$300 are over $500 now.

I stopped going to Home Depot and started going to Lowes when possible. Not that much better, but a little better.

The writing is on the wall and clear as day. Even people with the means to buy whatever whenever aren't paying these prices. Everyone sees the lie too, from those I've talked to. The lie that inflation was 12% for two years and 5% so far this year making everything 30% more expensive... "officially", but the prices are like 2x for many things, easy.

I’ve tried really hard my whole life to not be racist. There is a reason that when we bought slaves (being sold by their own families: btw) we built boats and traveled across the Atlantic Ocean. All the way to Africa. We could have very well just went to Mexico and got some. But we said, “nah, we’ll take our chances with sharks and tigers and shit.” Just pointing out facts.

had to go to home depot 3-4 times the last few weeks

there isn't 5-10 people in the store......


compared to peak ponzi they have to be off like 90% when accounting for thefts

Yep... and I don't get it, our property tax continues to increase. We bought in 2006 for 315K and it's now "valued" at 720K and goes up about 5K every 30 days. First of all this isn't a 720K house, secondly, it could go to 1.5 million and it wont matter, no one is gonna buy it at 8% lol.

I've been watching car guys on You Tube... one on a Hyundai / Kia lot... a Sorento is like $55K now. What's wild is BMW and Mercedes prices haven't really gone up much from 2019. But Jeep is trying to sell Grand Cherokees for $70K. Clown world.

Slaves were not sold by their own families. They were from rival tribes. Having the same skin color meant nothing.

Last time I was in Home Depot with a neighbor, we noticed how full the parking lot was with cars, and how empty the store was.

I wonder who owned all those cars?