USVI and the Great ...
 
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USVI and the Great Recession

 
ckolianos
(@ckolianos)
New Member

Good Afternoon!

I'm doing my homework and starting my due diligence to see if the island life is for me. Question- Can anyone speak to how the recession is effecting the islands? Regarding: unemployment rates, has tourism been down over the last 3 years , is it still possible to hit the ground running if you're diligent, and find a job relatively fast once you get there? I'm a realist , so no know pie in the sky scenario's please. Thanks!

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Topic starter Posted : August 9, 2010 5:02 pm
stephyjh
(@stephyjh)
Advanced Member

It took me 6 months to find a job when I got here, and it ended up being a retail job at slightly over minimum wage, so don't expect to come here and immediately find work. Have as much of a cushion as you can before moving here, and I would really recommend coming for a visit to look for work before making the final move.

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Posted : August 9, 2010 8:05 pm
Linda J
(@Linda_J)
Expert

Networking is important here. if find a job, go every day and work hard, word will spread. Then when a better job comes along you can apply with confidence.

One thing that didn't happen here is the housing crash. We never had the up, so we didn't get the down.

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Posted : August 9, 2010 8:24 pm
stxer
(@stxer)
Advanced Member

Good Afternoon!

I'm doing my homework and starting my due diligence to see if the island life is for me. Question- Can anyone speak to how the recession is effecting the islands? Regarding: unemployment rates, has tourism been down over the last 3 years , is it still possible to hit the ground running if you're diligent, and find a job relatively fast once you get there? I'm a realist , so no know pie in the sky scenario's please. Thanks!

Linda's comment about real estate is partially true. In fact real estate values did increase quite a bit during the crazy run up in the states and it is coming down to the lower levels of previous years. The big difference is that property sells VERY slow here, so except for some cases, the correction has been less noticeable. Rents on St Croix are as high as I ever remember them. That is about supply and demand.

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Posted : August 9, 2010 9:28 pm
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