SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tony who wrote (2545)5/8/2002 3:57:52 PM
From: David JonesRead Replies (1) of 306849
 
In 89 there was an over supply of units. A recession that put people out of work starting in the rust belt and sweeping across the country east to west. Consumers just stopped buying, period.
My state California seen a marked drop in population. As I recall a 0 growth or close to it. Unemployment was in the 11% range and higher. When it hit there was no mistaking we were in it up to our @ssess.
This recession is no comparison. There's no large amounts of migration to find work as there was in 89. Moneys comparatively cheap and jobs are there for those willing to take the pay offered.
There's no comparison, the first was a financial catastrophe personally the latter hardly a bother.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News