How Did 2008 Affect You?

[shunyadragon]

I came back from China in 2006 and built remodeling, renovation, and historical restoration business and took a dive beginning in 2007 and 2008. In 2007 My renovation of large bathroom was featured in HOME and IDEAS MAGAZINE, I ended up in odd job carpentry, plumbing, electrical, and tile work.

Good side I bought a repo house for $45,000, and my loan was approved virtually without references by a bandit loan company. If my dog had a social security number he could have gotten the loam.

 

[Quagmire]

I had to move into a smaller tent.

 

[WalterTrull]

If my dog had a social security number he could have gotten the loam

I find this a bit confusing.

 

[Rival]

I find this a bit confusing.

Why?

 

[WalterTrull]

Why?

Didn't know you'd need an SS number to get loam. I guess you need one for everything these days.

 

[jonathan180iq]

I lost almost all my real estate equity and have spent most of the last 10 years climbing back out of the gutter to avoid bankruptcy and keep everything afloat. Lost years worth or work and investments.

 

[Rival]

I lost almost all my real estate equity and have spent most of the last 10 years climbing back out of the gutter to avoid bankruptcy and keep everything afloat. Lost years worth or work and investments.

I'm sorry to hear that

 

[jonathan180iq]

I'm sorry to hear that

That's just life. But it sucked.

 

[shunyadragon]

I find this a bit confusing.

There was a period in the 2000's that virtually anyone could apply for a loan for a house and be approved. The gluttonous greedy money lenders, banks, and manipulative housing market led to the crash of 2007-2008. Yes, a Social Security number was pretty much universally required, but at that time little else. Unlike many I was industrious and adaptable to make things work in hard times as a bottom feeder..

 

[WalterTrull]

There was a period in the 2000's that virtually anyone could apply for a loan for a house and be approved. The gluttonous greedy money lenders, banks, and manipulative housing market led to the crash of 2007-2008. Yes, a Social Security number was pretty much universally required, but at that time little else. Unlike many I was industrious and adaptable to make things work in hard times as a bottom feeder..

OK, OK. I tried to make a joke about the typo. My bad. I plead for forgiveness.

 

[Spiderman]

If I recall correctly,
It was the usual cocktail of drugs, alcohol, stupidity, immaturity, humiliation, and failure at college and work...

Pretty sure 2008, like many other years, was worse than death...but i've grown accustomed to it...so, I wasn't aware of how bad it was. Now I am, and just thank God I'm law-abiding, sober, living alone, seeking wisdom, understanding, enlightenment, and keeping the faith!

But so glad 2008 is behind me... would not wish it on my worst enemy!

 

[RedhorseWoman]

Lost quite a bit of my 401K, and since I was close to retirement (been retired since 2014) it was pretty scary. Fortunately, I was always fairly conservative as far as my fund choices were concerned, so I didn't do as badly as some people, but it still hurt. Now working part-time to fill in the gaps and hoping for the best.

Lost a lot of equity in my home, but that has since recovered.

 

[Willamena]

How did the economic crash and resulting Great Recession affect you?

(Note: this is not a debate, not here to argue of what could have should have would have etc.)

I didn't feel it at all. I'm an Albertan.

 

[dfnj]

How did the economic crash and resulting Great Recession affect you?

(Note: this is not a debate, not here to argue of what could have should have would have etc.)

It was like over night all my money I had in my checking account was worth half as much because they printed so much of it.

 

[Twilight Hue]

How did the economic crash and resulting Great Recession affect you?

(Note: this is not a debate, not here to argue of what could have should have would have etc.)

Well it has made me more aware of my own money, and more leery of those who want to take it. Looking at the situation with the banks, savings accounts are a joke, and checking is a necessary evil.

I just assumed bury it somewhere I'll be better off

 

[ChristineM]

We lost around £80k ($105k) in US investment. Pulled out of investing in America and not gone back.

And an estimated £250k in property depreciation in the UK

 

[ChristineM]

If I recall correctly,
It was the usual cocktail of drugs, alcohol, stupidity, immaturity, humiliation, and failure at college and work...

Pretty sure 2008, like many other years, was worse than death...but i've grown accustomed to it...so, I wasn't aware of how bad it was. Now I am, and just thank God I'm law-abiding, sober, living alone, seeking wisdom, understanding, enlightenment, and keeping the faith!

But so glad 2008 is behind me... would not wish it on my worst enemy!

Sounds like a case of the aging hippy, if you can remember the 60s you weren't there.

 

[LuisDantas]

It didn't particularly affect me. Brazilian economy is somewhat insulated, albeit in a dangerous, unstable way.

On the plus side, that was when I left Brasilia for good.