irvinebullhousing_IHB
New member
A double-dip recession is a downturn that technically ends, but is followed by a fleeting period of growth and another period of economic declines.
How likely will this happen and what does it mean to residential real-estates from hitting the bottom time frame? Specifically in Irvine?
Do you think we will likely see a back to back recession? This last happened nearly three decades ago, with the economy coming out of a minor recession in early 1980 only to be followed by a far more pronounced downturn that lasted from the middle of 1981 throughout the end of 1982.
Of course, things are a bit different from the early 1980s. This recession can hardly be considered minor. So if growth resumes later this year, it's tough to imagine how the dip would be worse than the initial plunge.
How likely will this happen and what does it mean to residential real-estates from hitting the bottom time frame? Specifically in Irvine?
Do you think we will likely see a back to back recession? This last happened nearly three decades ago, with the economy coming out of a minor recession in early 1980 only to be followed by a far more pronounced downturn that lasted from the middle of 1981 throughout the end of 1982.
Of course, things are a bit different from the early 1980s. This recession can hardly be considered minor. So if growth resumes later this year, it's tough to imagine how the dip would be worse than the initial plunge.