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this post was submitted on 10 Mar 2025
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Programming
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Hi, nonprogrammer poking my head in from all. What happened in 2009?
A global recession.
oh huh, really showing my age here heh
Oh don't worry you'll get to experience one firsthand in [ checks watch ] about 20 minutes.
Ngl I’m a little bit looking forward to the next housing crash, because maybe then I can finally buy a fucking house for a not-too-insane price.
I'm right there with you. I feel like everyone I know's a bunch of hermit crabs lining up to upgrade from soda cans and plastic bottles into real shells
More like a global depression that governments won't admit was a depression because the economy is completely shareholder centric with very little consideration for workers. New grads did the occupy Wallstreet protests because they spent multiple years unable to find a job. It was a nightmare that destroyed the lives of countless working class people
https://en.wikipedia.org/wiki/Subprime_mortgage_crisis
My local area was hit bad about a year later than everyone else. But once it hit, houses were close to 1/2 the price of what they were going a year earlier + unemployment was up to about 20%. It was VERY bad and I remember trying to get a job in the middle of it. I got lucky and got something around an hour away while quite a it of my social group moved away.
Tht crash of '08