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this post was submitted on 03 May 2026
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A Boring Dystopia
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Sweet, after sitting in the passenger seat for the 2008 meltdown as a teenager, let's see how it feels to steer through the next one myself 🫡
2008-12 financially was some of the best years for my wife and I. In 2007 we were both working full time and barely able to cover our rent and expenses when it started.
Housing prices crashed and my wife and I were able to buy our first place with payments less than our rent in 2009. Because of tax credit programs, I had my entire down payment refunded.
Car prices and interests rates fell so we were able to replace our vehicles with ones that were 30% cheaper than a few years before the same year.
My wife got laid off in 2010 but she had unemployment for 2 full years. She was able to stay home with our kids while she looked for work.
Because she was laid off, I kept applying to higher paying jobs. I ended up landing a new job and increased my pay by 90%. She stayed home with the kids for the next 8 years and got her master's degree after the unemployment ran out. She was then able to work from home for the next 7 years.
What was it like getting a loan in the middle of the crash? Housing prices were cheap but I heard lending was very tight
It wasn't really that bad as long as you were reasonable on your debt to income ratio. It absolutely stupid easy to get a loan in the boom before the bust. The contrast is why people remember it being "tight". We had no issues with getting a loan.
I did know some people who were all pissed off that they couldn't get a home loan but they had $120K in debt between car, furniture, and student loans. They had to have their parents help them out with rent every other month.
Just remember, used sporting goods stores are a great place to find reasonably priced body armor for use during the food riots.
What about zoot suits?
I entered the work market in 2008 and it wasn't this rough back then.