6MT.net Infiniti G35/G37/GTR Forums - View Single Post - Anybody feeling the ripple effects of this crappy economy?

Zoomzoomers · 02-07-2008, 08:12 PM

It's affecting people in different ways and by geographical regions. I've seen lay off's already and there's definitely been slow downs in all segments of our economy.

Personally, it hasn't done much other than maybe think twice about blowing huge amounts of $ on a new car or something like that. It's nothing new the real estate cycle has always been about 9 ~ 11 years with a streak of 4 ~ 7 years so I prepared myself for it. On the other hand, I never thought I'd see some of my property fall in value as much as some of them have though. There are lots of people who didn't plan and over-extended themselves only to loose their income property as well as their resdence.

02-07-2008, 08:12 PM	#19 (permalink)
Zoomzoomers Over 5,000 Posts Join Date: Jul 2005 Location: Los Scandelous Posts: 9,518	It's affecting people in different ways and by geographical regions. I've seen lay off's already and there's definitely been slow downs in all segments of our economy. Personally, it hasn't done much other than maybe think twice about blowing huge amounts of $ on a new car or something like that. It's nothing new the real estate cycle has always been about 9 ~ 11 years with a streak of 4 ~ 7 years so I prepared myself for it. On the other hand, I never thought I'd see some of my property fall in value as much as some of them have though. There are lots of people who didn't plan and over-extended themselves only to loose their income property as well as their resdence. __________________ Always outnumbered, never outgunned.