The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: gpowell who wrote (16819)	2/6/2004 3:09:00 PM
From: Tradelite	Read Replies (2) of 306849

<<do not think many of the younger individuals realize how tough things were between 1975 and 1985. It was the worst economic downturn since the great depression and it seems no one under 35 has any comprehension.>> Agree totally and almost wrote about this yesterday before deciding no one would believe it or agree. I recall all the newspaper stories about college grads (especially those poor liberal arts schmucks) who had to move back in with Mom & Dad, or enroll in business school for their MBA or find something else productive to do----no jobs were to be found anywhere for a while. About that time, it was recognized that the most plentiful jobs were apparently in the computer/IT fields and suddenly computer classes and entire computer-oriented vocational curricula started popping up. Enrollment was brisk. I know a fellow who recruited applicants for a technical school and saw his commission income leap during this time. Now, we apparently have a few too many trained computer/IT people in the U.S. It's time for them to regroup and retrain, and to maybe gain inspiration from recognizing they haven't been the first group to experience some form of job-market hardship.

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