I read a scary article in the Star about Real Estate in the Business section this week. It reminded me of what it was like back in the 1990's.
In any Scary Market, most people don't know what to do. The Covid-19 pandemic was the trigger, and everything was affected. This resulted in mass confusion.
Jobs changed, house prices were out of whack and interest rates dropped...only to rise again. This kind of correction or adjustment is one we haven't seen for a long time.
Many Businesses are closing or downsizing. Yet all I hear is that businesses can't find employees to work!
Is this a cycle repeating? I remember from before when skilled workers had to be brought in from other countries. No one here wanted to work for less money but still wanted a new life. The immigrants also wanted a new start and were happy to come and do so.
