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I don't think it's very nice to rejoice over a stock market crash when people's 401Ks could lose a lot of money.
Of course not.
Mine has been hit, of course, but thankfully I am not a retiree with limited means.
Or planning to retire, wanting to sell off a bit, and minimal time to make up any loss.
Rejoicing at the pain of those who are immediately affected is sadly puerile.
I love myself some good ol' class warfare. After-all, we all know that only those (evil) rich people own stocks, presumably inherited from their grandfather. It's not like everyone's 401k, company pension, IRA, etc. isn't really tied directly to that same stock market.
I love myself some good ol' class warfare. After-all, we all know that only those (evil) rich people own stocks, presumably inherited from their grandfather. It's not like everyone's 401k, company pension, IRA, etc. isn't really tied directly to that same stock market.
CB, as I recall, right as soon as the brunt of the crash was done, we had people flooding in here like ants to a picnic.
You might want to be careful what you wish for.
I realize you love it when those of us who own homes are at risk of losing them or taking a hit when we sell, but try to keep your gloating to a minimum. Everyone will need to move to apartments before their credit gets ruined and they'll still be able to afford more than what you think apartments should cost, so I expect that'll raise rents and speed up the building of overpriced tinderboxes and do you want that?
I think not.
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(Not to be construed as investing advice) Eh, markets fluctuate.... would have handed back 3 weels of a 60 week runup if we sold, which we haven't. Screening for entry points but not actually seeing any yet... "less overpriced" isn't interesting. Economy looks stronger than one might think.
People without work WILL move for lower salaries when they have no salary.
They will if given the opportunity. Problem is that recessions mean layoffs, which means an increase in supply of local candidates searching for work. Then, most hiring recruiters label their job ads with "local candidates only". My only point here is that the last two recessions decreased the transplant influx. This is particularly true in tech, which makes up a large portion of the Triangle workforce.
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Originally Posted by MikeJaquish
"Road rage?" Hah. Makes me wonder about the "...and so on's." "Good Pizza, perhaps?"
Ok, actual road rage incidents technically aren't particularly common, but aggressive driving is everywhere these days and worsening, and it occasionally approaches road rage status. I NEVER saw this during the last two recessions. I probably should have just said aggressive driving instead of road rage in my first message.
"And so on" refers to any undesirable effect of growth, such a increased parking hassles, increased times waiting in lines for things. In the last two recessions I could visually observe less people everywhere. It's not that the people fled the area, it's just that if they are unemployed or suffering a pay cut (both of which become very common scenarios around here in economic down times) they have less opportunity to fill up their gas tank and go joyriding or shopping.
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Makes me wonder about the "...and so on's." "Good Pizza, perhaps?"
