Discussion in 'Economics' started by scriabinop23, Aug 5, 2008.
hey we agree on something!
Early days yet.
The question is not if the US is going into a recession, but if you personally are going into a recession.
I just met the other day a person who flipped 7 houses and is loaded with cash. This person is not going into a recession.
However, there are all those young college grads that live in NYC and got fired from the investment banks now unemployed nearly 6 months. They are going through a recession.
So I think there is a recession, but only some people are going through it.
Flipped 7 houses, when in 2004 or 2005????
Houses near me arent selling, most have been sitting for months, a few for over a year.
As for those college grads who thought it was cool to work on wallstreet because they thought money grew on trees and greed was a way of life are finally waking up to reality. Least they didnt have to see the dot com bubble this time around.
What area are you located in? One of the hotspots FL, AZ, NV?
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