Reply #34: Morning Marketeers, [View All]

[AnneD]

:donut: We went into a local housing boom/bust combined with an increase in unemployement lasting from the mid to late 80's. Many builders went under because they couldn't sell what they built. Banks were afraid to loan because they were having too many foreclosures and savings and loans went under, many people were having to walk away from their homes because they were unemployed and the unemployement insurance was running out. It didn't happen overnight but you'd see a couple of for sale signs that would stay up for a while, than more and more. There was such a glut of office space that banks would not even loan for it. It was some really rough times. People went back to school and took out loans to survive and retool.
That was how I went from working in the oil patch to working as a nurse. I figure even if we go to a barter system (in the absolute worst case) I have a valuable skill.
Happy Hunting and watch out for the bears.