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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Live2Sail who wrote (44878)11/19/2005 8:15:12 PM
From: Lizzie TudorRead Replies (2) of 306849
 
somebody posted the Anderson school of business's prediction that a RE bust will cause the loss of 1mm jobs. For an economy creating 50-100K jobs per month, like the US is now, one million jobs lost is a huge problem. But in a normal economy or even a robust economy like we had after the 01 recession, one million jobs lost could be absorbed in a matter of months. After the early 90s recession we routinely created 350K jobs/month, every month. This entire decade and the "boom" we are having is bogus.
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