Well I've never looked down at modulars, so please don't put me in that boat.
I think the main thing is tht wannabees now are seeing the realities of what can happen if it does go wrong. 70k plus is a hell of alot to find. But why would you spend that without a backup? as said above, you can't go paying that bck stacking shelves at Tesco.
I think anyone, modular / intergrated needs to open their eyes and realise that walking onto a shiny jet maybe a pipe dream for a few years. But spicejetter, you're right, the industry / economy is cyclical. It will get better. The question is when and will we all be current?