Anonymous_IHB
New member
I was reading this (pasted below) and it reminded me of 1989. I remember 1989 and my friends parents buying a new place at the peak, then trying to sell their old place and being unable to, then almost going bankrupt before having to go cup in hand to a rich relative for a $50,000 loan to avoid bankrupcy. After seeing that, I could never buy a new place without selling the current one first. Even if that meant poissibly having no where to live but a cheap motel for awhile.
Anyone else remember those days? Everyone being all gaga over both stocks and housing before that, and being amazed that it could crash.
The Stench of '89
The last great New York recession was prolonged and deep. And it’s eerily familiar.
http://nymag.com/news/features/43574/
Anyone else remember those days? Everyone being all gaga over both stocks and housing before that, and being amazed that it could crash.
The Stench of '89
The last great New York recession was prolonged and deep. And it’s eerily familiar.
http://nymag.com/news/features/43574/