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Reply to "Why is DCUM SO conservative with housing?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm a millennial. I watched the housing crisis in 2008 eat up my parents' neighborhood (my parents were fine). The crash also resulted in me losing my post graduation job when I was a senior (I had done co op with them) and they also laid off a huge number of engineers, so the market was flooded with more experienced workers. I ended up doing a masters to delay entry into the job market which worked out for me, but it was a gamble. So I guess experience taught me to be cautious.[/quote] Very smart move.[/quote] It's [i]smart[/i] to act like a once in a 100 year crash is always around the corner? No, it's not. It's foolish paranoia. Meanwhile the peers the young PP graduated college with who bought expensive houses they "couldn't afford" ( :roll: ) in 2009 to 2019 are laughing to the bank. Making big bucks and living large while the PP lives in fear in some modest home.[/quote]
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