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Strategies & Market Trends : Booms, Busts, and Recoveries

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From: Snowshoe11/8/2008 3:54:18 PM
   of 74559
 
Depression-Era Diary:
Think times are tough? How one man survived the last Great Depression.
newsweek.com

Aug. 17, 1931. I just came back from a short stay at Geneva-on-the-Lake. Summer resorts seem to be particularly hard hit. Hotels are empty and everybody is bidding for business at cut-rate prices. This is a good time to buy summer resort homes or even large mansions of the rich people. Nobody wants them at any price because they are too expensive to carry. Many formerly rich families are living in the chauffeur quarters above the garage while the mansion stands closed.

Hard Times: A picture gallery of great economic busts past and present
newsweek.com
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