Anonymous_IHB
New member
<p>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. </p>
<p>Anyone else remember those days? Everyone being all gaga over both stocks and housing before that, and being amazed that it could crash. </p>
The Stench of '89
The last great New York recession was prolonged and deep. And it’s eerily familiar.
<p>http://nymag.com/news/features/43574/</p>
<p>Anyone else remember those days? Everyone being all gaga over both stocks and housing before that, and being amazed that it could crash. </p>
The Stench of '89
The last great New York recession was prolonged and deep. And it’s eerily familiar.
<p>http://nymag.com/news/features/43574/</p>