[quote=deadzone][quote=Coronita]yawn…. welcome back DZ/ How’s UTC life? 🙂
Robinhood is hardly “tech”. It’s a brokerage house…. and 9% is roughly 300 people. Drop in the bucket… No different than Schwab laying off a bunch of people from Ameritrade. Or better.com laying off people right before the holidays…
IBM and MSFT did just fine. For every loser there are winners. just like in real life.
But anyway. I think it’s pretty funny that you’re cheering for tech layoffs and at the same time you’re saying you’re in tech and not worried you’ll be laidoff. You can’t buy a house if you end up unemployed.[/quote]
Who said I’m looking to buy a house?
I just want to see asset prices return to their organic, free market, not Fed induced bubble prices. That will be better for society in general. Perhaps there will be some pain along the way but so be it.[/quote]
we know you aren’t looking now. But using your logic, the “pain” you describe of unemployment and possibly weakening house prices from it won’t be doing you any favors in the future too, if it were to happen. Because if you are in tech (and that’s big if, since it doesn’t sound like you are in it based on your posts), you won’t be any more ready to buy if the tech economy craps out and you get laid off as you probably will if things are as bad as you say it will be, because you’re kidding yourself if you think you’ll be immune while others are affected. Just saying.
However, imho that’s a great time to pick up more rental properties since it brings more weight back to all cash offers. So bring it 🙂
