Unemployment and the Great Depression - A Little Bit of Perspective?
I see that we are in the Great Recession and have wondered what exactly the difference is from the Great Depression. I haven't seen bread lines like I saw in the pictures in my history books, and that's definitely a difference.
However, when I hear unemployment numbers that have 10% unemployment and maybe as high as 17% with unemployment and those who have given up. With family members who have been unemployed and searching for months, I have to wonder what the differences are.
Then tonight, I was watching a show on the History Channel. During 1932, 1 in 4 Americans working adults were unemployed. 25% unemployment! That's a huge number. Then, it pointed out that there was no unemployment, no social security.
So, maybe a little perspective, as bad as it's been (and, I'm well aware that it's been tough), perhaps things are better than they could be. Perhaps we'll continue to see improvement in our economy. Perhaps we won't continue to see number of sales slipping by 27%.
I guess I prefer to keep an optimistic attitude. I don't claim to unaware of what's going on in our country. It would be hard when I deal with Orange County Short Sales every day, but this really gave me a sense of perspective.
What is your sense? Will it get better?
***************************************************************************
About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.
Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.
If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes. Click the link if you are interested in buying a home at a courthouse auction sale.
Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.
Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.
Federal Government Disclaimer (MARS)
- You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.
- Christine Donovan, DonovanBlatt and Donovan Group are not associated with the government, and our service is not approved by the government or your lender; and
- Even if you accept this offer and use our service, your lender may not agree to change your loan.
Click Orange County homes for sale to view all OC homes for sale.
All we need are jobs in the private sector and something we can sell thoughout the world.
Now is the time for American creativity and ingenuity...we've always been a big exporter of ideas.
Jobs are what is needed, but for Realtors to stay in business we need to be willing to adapt to the times and find the opportunities that are out there.
Tim and Simon - I agree. Jobs would make a huge difference.
Michelle - American ingenuity. We could definitely use some of it.
USA is a resilient country and Americans are resilient individuals. Sometimes we prevail with the help of our leaders and sometimes in spite of our leaders. But we will prevail.
Christine.....I agree that the lack of jobs is the biggest component to our depressed economy. I also believe the country will rebound. It took us quite a long time to get in this predicament and unfortunately will take some time to recover from it.