- Okay I've got another slide for you.
Okay so there is absolutely no doubt
that our country hasn't
seen job loss like this
for almost 100 years.
So really how bad could it get?
Goldman Sachs is forecasting unemployment
to reach 15% in the third quarter of 2020.
Flattening that to single digits by 2021.
So right now, 2020,
2021, high and not ideal
for housing but it's manageable.
But so we have people saying
how does this crisis compare,
how does this financial crisis compare
to others that we've seen?
And really of course if you
watch the mainstream media
and different people it's all
about fear to sell headlines.
But I have been hearing people throw out,
this is gonna be like
the Great Depression,
reminiscent of the Great Depression.
So let's really take a look at that.
Because always, put things
in perspective, use data
to think clearly, not say,
for yourself, to be like
let's actually look and
see what the numbers are.
So let's look at the Great
Depression guys at 1930 to 1935.
And we started at 8.7.
Our high was in 1933 at almost 25%.
And in 1935 it was 20%.
So we had year after year after year
of extremely high unemployment numbers.
Then let's move over
to the Great Recession.
Okay, 2008, 7.3, 2009
was our high, it was 9.9.
Again, year after year of
this high unemployment.
Nothing compared to the Great Depression
but we do, we remember the Great Recession
and how that felt because it affected
so many of our lives.
Now let's look at this current crisis.
So yes we've got this high
double-digit projection
of 15% unemployment in 2020.
But then it's forecasted
to go 2021, six to 8%.
By the time we get to 2023, 4%.
So again, keep things in perspective.
It is not forecasted to be
like the Great Depression.
And of course we're getting
data as the days go through.
But we're getting things day by day.
So things will always be updating
but I just want to give you
valuable information for where,
and just always put things
in perspective for you,
like be a voice of reason.
I want you guys to stay safe.
As always, if you have any
questions, reach out to me.
There's still buying and selling going on.
I mean, some people have
to or some people want to
and are in the position to.
So I'd always be happy to
discuss your personal situation
and best moves for you.
And I hope you got some
good information from this.
As always, I'm going to end this with
we will get through this because we will.
