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: deeno who wrote (39151)	8/26/2005 12:55:46 PM
From: tsigprofit	Read Replies (1) of 306849

deeno - the point is the 5% number massively understates unemployment - which is relevant to real estate - and the bubble going on... No, of course people get jobs after 6 months. There are also people that drop out of the statistics after 6 months, and do not have jobs after 1, 2 years - because there are far fewer IT jobs now - over a million less - than in 2000. That's why 5% massively understates US unemployment. People register when they lose their jobs, then drop off after 6 months. That's a fact. The economy was much better for IT before 2000 - so we didn't have that same problem then. Talk to people in IT. I know many. Recruiters had offers 2-3 times a week, if not per day during 1998-1999. Many of these same people are now not finding jobs, because they don't exist anymore. That's the point.

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