Funny, actually read some of these replies earlier:
Owned a construction company during those times . 2002 -2019. In 2007 - 2009 . The housing market was slowing and most people knew it. It was hard at the time to make money off of it , because no one had any money to do any deals . Hence the recession. You will know when a recession shows up . Everything will be cheaper and you won't have any money to buy it. I know it seems strange, but that's how it works.
No. Every crash I have been through was unexpected. Been investing since 1996. The crash happens when everyone is getting on board the investing train and claiming “it’s different this time”. Never have I witnessed a crash where everyone was hesitant to invest because of the impending crash. Those people sitting on the sidelines always wait too long to get back in. Then a few years of double digit gains and they are commenting “now do I get back in?” More people have lost money waiting for crashes to happen, than any crash itself.
It will be different if it actually does,lots of new rules put in place as far as obtaining loans for building and buying property,the housing market for example has slowed down construction.They see whats coming.
Let's keep it real: nobody really knows. Times, people, tech, climate (environmental and political) and issues are even different from 2008.
It's funny we know so much compared to 2008, but doesn't change the fact we know so little about 2023. That's why hindsight is 2020.
