As the Head GloomMonger (Doom Industries) I have mentioned many times the risks of training, not finding employment and facing both loan repayments AND expensively expiring ratings.
The typical pattern I have seen time and again is that after the first full annual renewal and still no flying job the enthusiasm for the second year renewal is often not there. A feeling of throwing good money after bad and the needs of wives, girlfriends of just getting on with life means people let their Multi IR lapse. From there on they are unlikely ever to work professionally in aviation.
And of course, getting your rating revalidated on minimal hours is just one half of the equation. You need to be good enough to pass the Sim Ride assessment should you get and pass an interview. 4hrs TT in 2 years will mean you fail it unless you're distantly related to the Yeager family.
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