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Ask HN: What will a crash in Silicon Valley do to the job market?

1 pointsby throwaway43about 10 years ago
Should ordinary developers be worried ?

1 comment

MichaelCrawfordabout 10 years ago
Yes.<p>Invest in things that you can use to survive. If you drive a car, then purchase car tools - like a sears craftsman ratchet set.<p>Don&#x27;t buy a house that you won&#x27;t be able to pay for if you&#x27;re out of work. That was a real problem for me during the dot-com crash. While I managed to stay out of foreclosure, I was under a huge amount of stress the whole time. I could have either rented, or purchased a far-less expensive home.<p>Lots of people look to various kinds of paper such as stocks and bonds as &quot;investments&quot;. I really don&#x27;t. I invest in the tools of my trade.