Quote:
Originally Posted by Boodleboy322
Stabilization in the housing market will be a key indicator that will tell us when things start shifting back to “normal” levels. The Achilles Heel there is you need a job to get a house and there’s no job with no economic recovery. I know it’s frustrating for some of you but hang in there. Going back to school or learning a new trade may be the interim answer.
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Hate to be the bearer of bad news, but a propped up housing market like we currently have is the same time bomb as the inflated market that just burst and is being propped up. Let the markets fix themselves (house values shift back to a normal/sustainable level) and things will be better in the long run. The same holds true for the banking industry - allow banks that are not being run properly, etc actually fail rather than propping them up for continued mismanagement.
As to going back to school or learning a new trade, there still have to be jobs out there. I live in a town whose economy for MANY years has been based on the paper industry and those mills are laying off workers who ARE going back to school and learning new trades, etc. HOWEVER the jobs aren't there because major employers don't exist in this town other than the hospital. And for those that own houses and wouldn't mind moving to where work is, because there are no real jobs, there aren't people moving to town looking for houses to purchase. . . .
Reality isn't as pretty as your business, economic and banking classes are leading you to believe.