Fireup2020
Thinks s/he gets paid by the post
- Joined
- Feb 5, 2007
- Messages
- 1,250
Reading about the housing market, the probability of a recession, the potential of a depression...I get the big $$$/government perspective...but I really do not understand the personal impact on ME. (my apologies for my blatant ignorance) If we are still employed, not changing residences, what will be the crunch felt by an individual? Apparently, I was sleeping through the "recession" of 2000/01. (silly me, I was thinking that my investment $$ will purchase a larger quantity of stocks at lower rate, which should move upwards in years to come...or that housing prices will contine to drop, and maybe I can afford something interesting)
So, I am hoping for layman answers. Thank you.
So, I am hoping for layman answers. Thank you.