83 replies to this topic

[Howdy]

We went there for dinner on Saturday night. Since I had read on here they didn't accept reservations we showed up at 5:30pm. It was just half full and we had our choice of tables. By the time we left the place was packed and we overheard there was an hour wait. We had a great meal and will be going back. I just won't be going at 7pm. I won't boycott a place because they won't accept reservations. I just plan accordingly.

[eroscoe]

Comparing to the 5th St. Steakhouse online menu:

Salad: $6.95
Salad: $6.95
Rib Eye: $25.95
Halibut: $22.95
Mash: $3.95
Mash: $3.95
Asparagus: $6.95
Drinks: $?
===
Total: $77.65
+8.25% (is that tax these days) = $84.06
+ 17% tip = $98.35

Doesn't look too "marked up for the holiday" to me.

OK ya this is close. I think they included the mashed potatos with the meal and they were REALLY good. We did get lemonade to make up the difference. I hope this place stays around, we will go back and try it again.

[Sandman]

I was in Mid-town the other night. Beach Hut deli was full, Thai Basil was full. Tapa the World was full. Chicago Fire had about 30 people waiting outside for tables. I went in and talked to the manager (Rick, who used to run Folsom). Business is so good that they're opening a new location in Roseville.

Houses are moving, too. The average home 3/2 on the market right now has been on the market for only 32 days. They are moving fast!

Recession?

I don't know that basing the state of the economy on how much people are eating out is what you would call an accurate indicator. You can't overlook the real indicators such as mortgage deliquencies which are now at an all time high, unemployment is in the gutter with no immediate sign of turning around, and oh don't forget about that little thing we have accumilating in Washington called our national debt. I hate to sound like a pessemist but I tend to look at the bigger picture and not the state of the restaurant business in little ol Folsom, CA. Don't forget we have had a number of restaurants closing their doors in the last two years. Open all those restaurants back up and see how busy everyone is...

[Steve Heard]

I don't know that basing the state of the economy on how much people are eating out is what you would call an accurate indicator. You can't overlook the real indicators such as mortgage deliquencies which are now at an all time high, unemployment is in the gutter with no immediate sign of turning around, and oh don't forget about that little thing we have accumilating in Washington called our national debt. I hate to sound like a pessemist but I tend to look at the bigger picture and not the state of the restaurant business in little ol Folsom, CA. Don't forget we have had a number of restaurants closing their doors in the last two years. Open all those restaurants back up and see how busy everyone is...

*kerplunk*

Well you sound more like an expert than I do, but I always seen consumer spending as a sign of the state of the economy. I guess that's because when consumers start spending money at restaurants, they're putting it into our economy. I suppose if we opened more restaurants than there was demand for, they'd be a little less crowded in any economy.

Stands to reason.

Speaking of demand, the deman for housing is very strong right now, and I think you'd agree that certainly is a sign of confidence in the recovery of our economy.

US Auto sales were up 6% last month.

Unemployment numbers last month were better than expected, at 9.7%, compared to 10% in December.

As for the record delinquencies, the 4th quarter of last year showed the first decline in delinquencies

We're not out of the woods just yet, but there are indications that things are getting better.

[Darth Lefty]

I was in Mid-town the other night. Beach Hut deli was full, Thai Basil was full. Tapa the World was full. Chicago Fire had about 30 people waiting outside for tables. I went in and talked to the manager (Rick, who used to run Folsom). Business is so good that they're opening a new location in Roseville.

Houses are moving, too. The average home 3/2 on the market right now has been on the market for only 32 days. They are moving fast!

Recession?

Attrition bias.

[Steve Heard]

Attrition bias.

Is it? How so?

[Darth Lefty]

Is it? How so?

The surviving restaurants are doing well because they have survived. They receive the business from the ones that didn't.

[Steve Heard]

The surviving restaurants are doing well because they have survived. They receive the business from the ones that didn't.

In mid-town, however, there are actually MORE restaurants than a few years ago. I suppose it could be that folks from other areas are going there because their local places are out of business, but it does seem that mid-town just keeps getting busier and busier of late.

[folsomstrings]

We went to Sutter Street Steakhouse for our annual Christmas Eve dinner. It was delicious! What a nice addition to Folsom. We hope to return soon.