Remember the 08 Financial Crash? How bad did it get you?

[☑︎#VoteDemocrat]

I worked in automotive parts. That industry really thrived during the credit crunch since more people opted to fix their old cars instead of buying new. I was working mandatory overtime 60+ hrs some weeks.

I really didn't understand how bad it had gotten until years later.

This is very interesting.

And yeah, I didn't realize how bad the average person was fukked up back then. A lot of people hid it very well.

 

[King Poetic]

Right now coli brothers and sisters try paying off your credit card debt and car loans if u have any

Have about$3000 in the bank because in a year 2 we might be in the same boat

And if u over 30 like me it's going to be hard rebuilding again from scratch and debt

 

[Sbp]

Did you ever move back?

To the OP question I was just beginning adulthood in 2008.

Nah I'm still down here it actually worked out better 2010 I made more money than I ever did previously. That wouldn't have happened out there. I do miss that place though

 

[yardman]

The price of p*ssy skyrocket
Nah, I was in high school at the time that shyt didn't affect me really.
Moms finally got a high paying job after years of struggling.
The only thing that really happened was that the price of cheap shyt went up somewhat.​

 

[NoChillJones]

I don't think people really grasped how bad things were at the time.

I remember just seeing EVERYONE losing their houses and shyt and it seemed entirely preventable.

Everyone was up until that point moving into these big ass homes they couldn't afford and no one thought the music would stop

Whats your worst stories you remember?

I actually made a come up under Obama....to be fair I had no equity in those times so the only which way was up for me. I did lose my job...but I had another 1 3 days later before they even closed the door on my team....I dont get dropped....I drop the label...the world cant hold me. .

 

[ultraflexed]

I don't think people really grasped how bad things were at the time.

I remember just seeing EVERYONE losing their houses and shyt and it seemed entirely preventable.

Everyone was up until that point moving into these big ass homes they couldn't afford and no one thought the music would stop

Whats your worst stories you remember?

When realized sh#t was going south, I saved up money to buy foreclosure house because I knew the market would go back up

 

[Standing on business]

Next crash might be worse

It's going to be so bad


I mean it's already bad, look at all these out of reach rent prices, the average car note being 72 months, and the average American having less than a $1,000 in savings. Everyone's faking it or spending every dollar they have. When that time comes

 

[☑︎#VoteDemocrat]

It's going to be so bad


I mean it's already bad, look at all these out of reach rent prices, the average car note being 72 months, and the average American having less than a $1,000 in savings. Everyone's faking it or spending every dollar they have. When that time comes

I mean...would would cause the bubble crash tho?

I understand mortgage speculation...but its not like people are buying boats

Theres a LOT of conspicuous consumption right now though

 

[ineedsleep212]

But Wall Street doesn't matter

 

[GunRanger]

Didn't really affect me as I was in school/doing nothing.


I wish I knew about investing then. Priceline dropped all the way to 52 a share. It's over 1800 now. Citigroup was less than a dollar



Low-key I'm hoping for another collapse

 

[acri1]

I was just out of college, and suffice it to say the job market sucked.

Actually found a decent job, but I got laid off after 5 months. Had to take a lame tech support job making 13/hr because it was all I could find.

 

[boyonamission]

I had to be in 8 or 9th grade at the time. My folks worked in healthcare so we were alright. Gas was insane tho.

 

[Clayton Endicott]

Yachts with helicopter pads, 60 jet ski's, all marble floors, so big you are lost on them, you may only see one side of the boat, one portion of the top deck. Just google some of the worlds biggest yachts, and I've been on them, or similar ones. Paul Allen's yachts, Bill Gates, a lot of wealthy European billionaires, and leaders. A family member was a mid level exec, and he got me the job. So, I'd have some inside information, I hung out in the upper offices, and knew the CEO, about owners and prices. The whole exec staff flew to Monte Carlo in early 2008, which was another dark, hilarious image of the height of the bubble.

I have this memory of working in the pouring rain, soaking wet, on a yacht, on hands and knees wiping down a teak deck, that I knew cost like 150k, easy, with some solvent, and I wasn't angry, or bitter, I just said this won't be my life, wiping down the deck of some millionaires's yacht....One boat bought "us" like 400 pairs of shoes, because they thought ours were too dirty to be on the boat.....nevermind we had to take our shoes off anyway to even go aboard....

and the optics were indicative of classism, racism, capilasim, all white boats, all white owners, with all white crew, and all brown/black working on it....

 

[Red Shield]

Wasn't bad at all for me..

but those gas prices and food prices


Crazy to think all those bubbles just got reblown..

 

[damn_ese]

my cousin had his own business doing remodel work, decks, paving, residential concrete work etc. he was makin paper . . then the financial crisis hit and the construction jobs disappeared and had to take a job as super for a few buildings in manhattan. he survived and now is back to making money on his own, recently bought an apartment building in philly, sent his son to university, paying for his daughters quinceanera and a trip to paris dude is doing fukkin great.