Watching a train wreck unfold and pissed

[kewp]

I’ll second that, Lonestar.

For us savers, we’ve been living in a self-induced recession for the last decade. It’s about time the overconsumers went on a diet.

[SD Realtor]

Lonestar I agree with you and am in the same boat. However I have seen more then one post with some fairly cavalier statements about the recession. Things like bring it on, and I can’t wait for it.

Statements such as these are obviously made with little thought.

SD Realtor

[SD Realtor]

Lonestar I agree with you and am in the same boat. However I have seen more then one post with some fairly cavalier statements about the recession. Things like bring it on, and I can’t wait for it.

Statements such as these are obviously made with little thought.

SD Realtor

[waiting hawk]

“self-induced recession”

Wow I love it. That is what we have been in last 3 years. I am moving on Saturday (remember the cops out front photo with the idiot next door guy) and bought new furniture. Nobody was buying furniture while we were and got some great deals. Damn it felt good buying when nobody else was. I spent a few thousand and almost had a heart attack. I am very cheap but I had the same furniture from 11 years ago and it should have been thrown away 11 years ago.

[waiting hawk]

“self-induced recession”

Wow I love it. That is what we have been in last 3 years. I am moving on Saturday (remember the cops out front photo with the idiot next door guy) and bought new furniture. Nobody was buying furniture while we were and got some great deals. Damn it felt good buying when nobody else was. I spent a few thousand and almost had a heart attack. I am very cheap but I had the same furniture from 11 years ago and it should have been thrown away 11 years ago.

[ibjames]

ha ha
some classic posts in this thread

[ibjames]

ha ha
some classic posts in this thread

[Reality]

I have seen more then one post with some fairly cavalier statements about the recession. Things like bring it on, and I can’t wait for it.

Statements such as these are obviously made with little thought.

SD Realtor

Recessions are inevitable. They happen from time to time whether we want them or not. I’m no fan of recessions, but in my opinion one would be a small price to pay for the much needed housing correction.

[Reality]

I have seen more then one post with some fairly cavalier statements about the recession. Things like bring it on, and I can’t wait for it.

Statements such as these are obviously made with little thought.

SD Realtor

Recessions are inevitable. They happen from time to time whether we want them or not. I’m no fan of recessions, but in my opinion one would be a small price to pay for the much needed housing correction.

[Coronita]

Lonestar I agree with you and am in the same boat. However I have seen more then one post with some fairly cavalier statements about the recession. Things like bring it on, and I can't wait for it. Statements such as these are obviously made with little thought. SD Realtor

 

I would say that a big recession would probably hurt most of the piggington's on this board. The only exceptions would be those that don't depend on jobs but are independently wealthy and have what I call enough F.U. money. Although I know a lot of other people would get hurt before us,I'm not hoping for a big correction,The point is, everyone (almost) will get hurt. Anyway, be careful what you wish for.

 

[Coronita]

Lonestar I agree with you and am in the same boat. However I have seen more then one post with some fairly cavalier statements about the recession. Things like bring it on, and I can't wait for it. Statements such as these are obviously made with little thought. SD Realtor

 

I would say that a big recession would probably hurt most of the piggington's on this board. The only exceptions would be those that don't depend on jobs but are independently wealthy and have what I call enough F.U. money. Although I know a lot of other people would get hurt before us,I'm not hoping for a big correction,The point is, everyone (almost) will get hurt. Anyway, be careful what you wish for.

 

[temeculaguy]

In the grand scheme of things we all benfit from good economic times and are hurt by bad economic times but we can all lessen our hurt and increase our benefit by understanding the cycles. If you install an air conditioner in the dead of winter do you pray for a heat wave, no, but you do pat yourself on the back for correctly guessing the cycle. Nobody wants a big earthquake or fire but if you make the preparations of insurance, water, food and develop a disaster plan you feel good if it doesn’t happen but validated if it does. If you saw a storm or hurricane brewing and heeded the warnings by evacuating early you wouldn’t be happy if others became victims, just better because you made the preparations and heeded the signs. In fact you feel pity and anger at the same time toward those who ignored the warnings. The point is that there will always be ups and downs in stocks, R/E, employment, etc. Listen and learn, pay attention to people who are older and wiser (and don’t stand to profit from you following their advice) and you too will survive anything that happens.

That’s all many of these people are doing, they see the warning signs, this has happened before and will happen again, they even go out of their way to warn others to prepare and tell them how. Their frustration with those who ignore the signs of a recession or a R/E downturn aren’t wishful thinking they are warnings based on wisdom and frustration when others ignore the signs.

[temeculaguy]

In the grand scheme of things we all benfit from good economic times and are hurt by bad economic times but we can all lessen our hurt and increase our benefit by understanding the cycles. If you install an air conditioner in the dead of winter do you pray for a heat wave, no, but you do pat yourself on the back for correctly guessing the cycle. Nobody wants a big earthquake or fire but if you make the preparations of insurance, water, food and develop a disaster plan you feel good if it doesn’t happen but validated if it does. If you saw a storm or hurricane brewing and heeded the warnings by evacuating early you wouldn’t be happy if others became victims, just better because you made the preparations and heeded the signs. In fact you feel pity and anger at the same time toward those who ignored the warnings. The point is that there will always be ups and downs in stocks, R/E, employment, etc. Listen and learn, pay attention to people who are older and wiser (and don’t stand to profit from you following their advice) and you too will survive anything that happens.

That’s all many of these people are doing, they see the warning signs, this has happened before and will happen again, they even go out of their way to warn others to prepare and tell them how. Their frustration with those who ignore the signs of a recession or a R/E downturn aren’t wishful thinking they are warnings based on wisdom and frustration when others ignore the signs.

[jeeman]

“I’m no fan of recessions, but in my opinion one would be a small price to pay for the much needed housing correction.”

You don’t need a recession to have a declining housing market. In the 90’s, the recession lasted from late ’91 to mid ’92, and yet housing in CA declined for another 4 years.

Jeeman

[jeeman]

“I’m no fan of recessions, but in my opinion one would be a small price to pay for the much needed housing correction.”

You don’t need a recession to have a declining housing market. In the 90’s, the recession lasted from late ’91 to mid ’92, and yet housing in CA declined for another 4 years.

Jeeman

[Author]

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