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Layoffs expected to decimate Wall Street ranks

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USPAP Compliant

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Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
The trickle down effect will hit everyone. These high income folks will no longer be able to maintain their lifestyles. Jobs that would replace their kind of income will be very, very hard to find. They will need to cut back. Nanny, cook, maids, the expensive cars...and those that maintain them. The expensive clothing, high priced meals, vacations, second homes, high end electronics...and on and on. I will never have to adjust to any of those things since I have never had them anyway.




http://www.charlotteobserver.com/136/story/399979.html
 

Austin

Elite Member
Joined
Jan 16, 2002
Professional Status
Certified General Appraiser
State
Virginia
I have a feeling a lot of these people will gravitate to the appraisal business. The end result from an employment and professional standpoint will be a moving down from the top and squeezed out at the bottom.
 

Restrain

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
Should be able to get a good used Beemer cheap.
 

Michigan CG

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Staff member
Moderator
Joined
Nov 1, 2006
Professional Status
Certified General Appraiser
State
Michigan
We had a maid in Iowa....when we went to two households for 18 months I kept her as long as I could.

Now I am the maid....I hate wearing that skirt.
 

Karl

Elite Member
Joined
Jan 15, 2002
Professional Status
Licensed Appraiser
State
Arizona
The Gardner informed me he's closing down business, he's been accepted onto a Police Force, . that was good news cause he was going to be my Jan cut.

Hey TIM here in AZ you MIGHT do well as a Maid we have several with altenative life styles out here.
 
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