The subject you have posted about here has been discussed in this forum to the point it is ready to be dead and buried. Many, many people who are dealing will all sides of this concern have already commented, at length. I am one of them. I suggest you do a search here with queries such as "unemployment", "job prospects", "recession" and so forth, there you will find the current or near current answers and anxieties to your question. Or as an alternate, go to Archinect and do the same queries. You will get all the information you need, although somewhat dated.
Thank you very much!
Try these links at Land8:
Read the comments from start to finish. Short answer to your question: Yes, its way way under 50%. To all L.A. grads, don't come back 5 years from now with a huge student loan debt and say you were never warned about this roller coaster profession.
You made his work way too easy !! We both clearly see this topic the same way. Please let me know when you plan to sell your Facebook IPO shares. That should be when they bottom out at less than $1.00. That will be my "buy" sign. I can only afford to invest through mutual funds,. The few that I am invested with what little I have invested have advised the same. Those same advised that this a long-term buy and hold proposition. That time frame is probably similar to how long it will take any significant job growth to come back to all the design professions.
Please do whatever you can to resist your persistent habit about boasting about your stock and real estate portfolio. I can only write for myself, but I don't think I am alone here. Many of us are tired of seeing your promotion of that. There are other more appropriate forums for promoting ones wealth (whether illusory or not) or the strategies to build that by. Please use those.
I can offer you this though, in the time I have been in this profession, many of the best designers
and graphically gifted landscape architects I have worked with come from you alma mater. They must doing something right.
LOL!! Hilarious. It took but a mere 5 minutes to research and write my comment for Zhu. Landscape Architecture is business. FYI my friend, I NEVER start the discussion about my "moonlighting or extracurricular activity" outside this lame field called landscape architecture. In fact, your first paragraphs invites me to respond about the market. Why pull me in then criticize? Hilarious. When you've made more money part time buying (speculating) stocks than working full time as a landscape architect, then there's reason to be joyful!! Also you have no idea of the negative environment I was surrounded in when I made significant purchases of AAPL and NFLX some 12 years ago. People said I was nuts.
Two years ago, I kept telling people to look into purchasing stocks on Land8. LVS, F, UNG, SIRI and our beloved Autodesk are all at least trading at double the price now. I have a link to that discussion too.
And lastly, FB is here to stay!! They will morph into something else and adapt to the ever changing world of technology. FB is a leader with almost no rivals. You can compare them to WM (Waste Management) who controls some 80% of the trash/recycle market. I have not purchased FB and probably never will. As of today, they're up from the IPO price. One thing I've learned all these years regards to the market...whatever the crowd does, do the opposite. Don't worry, I won't discuss AAPL, LVS, F or NFLX anymore, because I sold my shares earlier this year. I bought MGM, BAC, SPLS and DRYS to take me into the next decade!!
Have fun out there in China. Come back to the States. Don't be a traitor. Be sure to visit Singapore and Hong Kong on your way back.