Unfortunately, I don’t know a single person who feels secure in his/her job right now, and that certainly includes public sector workers (who are described as having “recession-proof” jobs).
We know lots of people who have been unemployed over the past two years, and even if they find new employment, it’s always been for lower pay, and there is NO job security.
This is exactly why I think the current housing market is not based on fundamentals at all.
Oh, and we’ve just heard about another person who hasn’t made a mortgage payment in months, but still has yet to receive a NOD.
