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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Mike da bear who wrote (11759)7/25/2003 9:44:52 AM
From: azb111Read Replies (1) of 306849
 
The solution is already occurring - 1) people are working 2 service jobs just to make the money they were making before, people fired and now not employed have become "invisible" - that is, they are staying home, not spending money, not doing anything, sitting in the backyard instead of in a hotel, etc. - this will further drag down the economy ... 3) don't forget, there are several lower paying, less skilled, workers living off one high paying or skilled job worker - they work as waitresses, salesmen, newspaper telemarketers, handymen, hotel maids, etc. - in all the areas that unemployeed people cut back their spending ...
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