Originally Posted by
Busbitch
The days of $70k to pay your mortgage or $100k to rent one of those nice places in Kowloon will be gone by Christmas. A new deal is coming, it won't be terrible but you will all sign it because there is nowhere else to go. It does't matter if you think it's fair. Life's not fair. You will just be happy not be be on the scrap heap like half the other Pilots in the world. Also if you are anywhere near 50 your career is probably over if you loose your job now.
I don't think a highly-experienced pilot will have trouble resurrecting their careers post-COVID. It's probably going to be hardest for the inexperienced or command-less.
Housing changes will mean dramatic lifestyle changes for many if they cut deep. Those who have houses/ apartments may be better off than those dependant on renting due refinancing options. But who really knows?