Recessions and depressions are really not that much fun no matter how much we all want housing to go down.
Nor was 2000-2003 when techies had it really bad. Remember, that housing doubled and tripled in price. So at the same time my career field was eviscerated (something I saw coming) the fundamentals of life got much more expensive.
So now on the back side, which I also saw coming, I’m supposed to be chastened? What gives? Your post is almost some weird ad hominem attack against those of us swept up by macro forces who’ve tried to make sense and prepare for the inevitable.
Recessions can be fun, but not if YOU lose your job. Last one I did and watched others keep on partying. Nobody shed anything but crocodile tears for the tech industry. Even in good times its no fun to watch others lose their livelihoods, but its far worse having been punished unreasonably for doing the right thing; you know saving and living within your means.