Are you going to miss the recession?

I do miss recess

Please consider yourself lucky.

First of all, I am lost among the trailing indicators. I know friends who have been out of work for months. My husband has only been able to find contract work with no benefits. I could tell you countless stories of lost or slashed retirement funds. lost homes, lost jobs, lost health insurance.

Personally, I think you could gloat a little more quietly.

As a person who has been unemployed for months, no, I will not miss the recession at all. That being said, I also reject the premise that the recession is over. The best economic news out there is that the decline is SLOWING, not that it has turned around (which it will have to do for 6 months in a row before we are out of a recession). We still have dark days ahead of us.

While it hasn’t changed my life much. It did help a bit since I maintained websites for real estate agents. Someone lost their home and I would make a hundred bucks listing it. (This ended last year. I am focusing on other stuff and walked away from that business.)

I would rather see everyone do OK. I was happy before it and it sucks that people are having a hard time. A few people gained, but a lot lost. I wish it was the other way around. But I am a communist.

@Marina like I said, I know it’s completely selfish but it’s also true. I work in financial advice and it’s been the hardest last 12 months we have ever worked and even though we’ve been busy the company has not made as much so far as hoped. I don’t expect much of a bonus at the end of the year (if any at all) but my regular salary has not been affected.

My point is that for those that stay in work it’s been quite good, of course my heart goes out to those that have struggled but this question was based on the selfish viewpoint.

As a disabled person on a fixed income, costs are going up and my pension is not. I have, however, not had to change my lifestyle yet. I am conscious of each dollar I spend though.

As a guy who’s been looking for work for four months now, NO, I WILL NOT MISS IT.

Not in the least.

No. My family has been suffering so much. When you have to choose between feeding your child and paying your rent, without having anything left over for yourself…then come and tell me you’ll miss the fucking recession.

@all

I might as well ask the mods to remove this question as nobody seems to get what I was asking.

HAVE YOU KEPT YOUR JOB AND ENJOYED THE BENEFITS OF FALLING PRICES?

Is it that hard to understand?

@RareDenver Oh no, I got that. Its just that not all of us are in such a cushy situation.

@RareDenver: I think everyone is answering that question, and their answer is largely “no.”

I came very close to losing my “job.” I am a student and get paid through the lab where I do research. My lab had some funding issues that were unrelated to the recession. Usually when this happens, the department will step in and bail them out. Unfortunately, I go to a UC and the entire system is facing a 20% budget cut due to the recession, so the department couldn’t help. I ended up getting one paycheck directly from the college of biological sciences, and my next paycheck is coming (eventually) from a grant we got from the NIH at the last possible minute.

So the economy very nearly forced me to drop out of school, and I can’t say I’ve experienced any benefits. I won’t miss it for a second.

I think I will certainly be watching Auto Auctions in about 18 months for repossessed cars.

@nikipedia again, a response from someone this question was not directed at.

THIS QUESTION IS NOT DIRECTED AT ANYONE THAT HAS SUFFERED THROUGH THE ECONOMIC DOWNTURN BUT RATHER THOSE THAT HAVE POSSIBLY SEEN PERSONAL BENEFITS.

I’m not going to ask the mods to delete this question

@RareDenver So you don’t want downers at your recession-busting party?

I sure hope so. The jury is out on that, though.

@RareDenver: Chill, dude! You asked if people were going to miss the recession! There are a lot of possible answers to that question, including “no.” Maybe you could edit it to ask what benefits people have seen from the recession or similar?

@aphilotus it’s one small thread on one small site on the World Wide Web, get a grip, it’s not exactly a recession-busting party I was just curious to see what others that had benefited felt. It might be hard to swallow but it’s true some people have benefited, it’s not a dig at anyone it was just curiosity.

@nikipedia I thought the details section made it quite clear the position the question was coming from but maybe I was wrong.

I’ll give you one downside for me, and that is I’m buying a property at the minute and the upfront equity to borrowing ratio is really really high, I need to put down a LOT of cash whereas 3 years ago I could have put down maybe 5% or less. Does that make you feel better?

My Father used to say “God got out of the land making business a long time ago”. Leveraged real estate will still earn a good return when things turn up. I am looking at the self storage business. I thought it was played out in the 90’s, but I see many dollars to be made there.

It’s over?

@boffin No, it’s not

Didn’t think so…
Someone had asked about missing it. Thought I might have missed something?

@boffin very good ;-)

Let’s see, my house is now worth thousands less than the outstanding loan, my rental is now worth half what I paid for it, dozens of houses in my neighborhood are boarded up, the street lights are gradually going out and not being replaced, the pot holes are going unrepaired, three schools have closed and the kids are not being bused out of their neighborhoods, their parents have to take them, or they walk. Hubby is lucky, he still has his job, and has to do all the work of the three guys that were laid off,

What’s to miss?

Can you change the way your rental is amortized off to absorb the loss in value? Better yet, leverage the over-valued property to buy more, lower (but really the same) properties. People lose their houses, but still need a place to live. Just gotta look beyond the current problem and see what opportunities lie under the rocks.

Hardly a real question if there’s only one acceptable answer.

I have kept my job, but seen others laid off around me. I kept my house, but saw it plummet in worth. I kept my friends, but not all of them kept their jobs. I kept being able to buy food and pay bills, but we didn’t go anywhere on vacation this year, not even a road trip upstate. I have been incredibly lucky, but no, I will not miss this recession.

I can hope, however, that this time span doesn’t look like peaches and cream when the real problems begin to surface, and people realize that getting “back to business as usual” isn’t really as possible as they’d like to believe.

Thankfully, my husband kept his job and our lifestyle has not changed much. We have not made any major purchases, so we have not been impacted by falling prices. I want the hell out of this house and no longer see it as being a realistic goal anytime soon since we would not be able to get what we paid for it.

I prefer to be optimistic, and I wish I had what you are smok’in.
I think we are in a bear market rally, consumer confidence has increased which is a good thing, but that can change in a heart beat. I am afraid when they have to go back to the well a second time to shore up the banks again, then all shit will break loose. Through all that potential misery, maybe this country might stop and really see who the culprits really are. You say Ponzi, I say scream.
There is way too much corruption until that ceases nothing will get much better, maybe with smoke and mirrors for a little while.

@RareDenver own up to your mistake. You’re question should have been: “What benefits are you experiencing from the recession, and will you miss it?”

Your question: “Are you going to miss the recession?” is not being specific enough. Yes, your details address benefits for those who still have jobs, but it sounds more like back story as to why you though of the question. It is still asking input from everyone. Don’t throw a tantrum because you didn’t properly phrase your question. These people are experiencing hardship, and you’re telling them to shut up, while bragging about the benefits from their lost jobs and homes. Quit being a dick and apologize.

I am kind of experiencing both sides of it. I married a Marine, so we’re getting a regular paycheck, we don’t have to worry about medical things, and we won’t lose our home. But that also means I left my job to be with him at his duty station (after being away from him for a year). I have been unemployed for about 8 months now because of that. Job hunting sucks, and with the bills we have, we’re broke and having to live on what money is left over, which is just enough to cover gas and groceries*. The only benefits I’ve been seeing are the sales at stores. Even then, we don’t always have the money to be buying things we need/want when its on sale.

I went back to school part time this semester (online classes so it won’t hurt my chances of getting a job), and pulled out a student loan so we have emergency money if we ever need it. We’re lucky for that, because my husband needed new dress blues, which totaled about $300. We still have to go have them cleaned and tailored.

*A thought: we had only been buying cheap meat before, but this month we’re going to be able to have some steaks because of the Angel Food Ministries.

@dee1313 I know I haven’t answered this question yet but @RareDenver did own up. He stated many times (after the fact) what he meant about his question. That’s what many of us do when we have trouble putting our thoughts in writing. Did you not read the entire thread?

Otherwise, this would be the “court of law”.

@jonsblond No he clarified and told people to get a grip.

@dee1313 okay I apologise (correct English spelling by the way) for a poorly written question, I do think I made myself clear though later on.

And for the record I only told someone to get a grip after I had clarified my position 3 times already and they still felt the need to have a pop.

Just wait for the double dip.

Goodbye cheap oil.