I know the two of you just point out the inevitable and you just want housing to be more affordable. I didn't direct the "wishing for a recession comment" at you or some of the other regular people here. My bad and my apologies.
But occasionally, when things like the stock market tanks a day or we here of bad news, some of the regulars posters actually start cheering like "yes, I'm going be better off in a bad economy… payback time..etc.etc.etc."
The way I look at it is. It's far easier for average folks (inclusive) who nevertheless are relatively responsible to navigate through the muck during good economic times. Everyone gets hit when bad economic times. So some of the posters here that I would say actually was cheerleading for a recession I would say depending on a how bad it gets might be in for a rude awakening themselves. I learned early that a lot of the industries are all interconnected. And with a few minor exceptions, there aren't that many people that aren't going to be affect. Some have posted "well I'm in the public sector. Thank god."' I beg to differ. Some have posted "healthcare is safe". Maybe if you're a doctor….But with a few exceptions, most everyone's going to get hit. As much as I think technology is better off this time around, it too will get somewhat hit. Services/retail especially will get hit.
There were people who flipped RE for a profit. And frankly, I'm ok with those people that made money from it, provided it was legal. And some of them got burned that recognize they got burned, well that's fine with me too. There's no risk, there's no reward.
But I would image that a recession really isn't going to be good for a lot (most) of us. Sorry, I woke up on the wrong side of the bed today. The year that I actually motivate to start a company is the year that we're going to be headed into a recession. It's difficult enough to start a tech company during good times, recession economy probably adds a difficulty of a factor of 4+. Need to talk to my partners now on readjusting possibly the strategy to focus on the international markets first. I guess the good news is that if I get rifted on my full time job in 1-2 years, I can always dedicate my time fulltime to this gig.
