Has the economic crisis affected you personally?

GoldenRivet · 09-11-09, 10:43 PM

Since the economic crisis has started i have completed all of the following

1. Purchased a new vehicle with great financing options
2. Purchased an airplane
3. Opened a flight school which is doing relatively well (paying for itself with profit)
4. Moved into a nicer area of town

I think that the "crisis" is highly localized to specific areas.

Arclight · 09-12-09, 02:51 AM

Not me personally, no, my income actually went up and inflation is at 0%. Overall buying power is up, but so is unemployment. Gonna be a treasury deficit, though not as bad as predicted. Budget cuts are nescesary, but won't be made next year, instead they'll wait to recover from the depression.

I still think that if the media hadn't stirred up a storm, nobody would have been the wiser and people would have just spend as normal, greatly reducing the impact of it all. But that's another matter.

Aramike · 09-12-09, 04:50 AM

Quote:

Originally Posted by GoldenRivet

Since the economic crisis has started i have completed all of the following

1. Purchased a new vehicle with great financing options
2. Purchased an airplane
3. Opened a flight school which is doing relatively well (paying for itself with profit)
4. Moved into a nicer area of town

I think that the "crisis" is highly localized to specific areas.

GR, great post! See, most people don't realize that, while a "crisis" is indeed a crisis for some, it is an opportunity for others. For instance, the housing collapse sucked ... unless you were in the market to buy your first home.

As for me, the economic situation really hasn't impacted too badly. Sure, I've lost value on my home like everyone else but considering that it's free-and-clear and I have no interest in selling, who cares? I work for an organization that prepares forecasting reports and position pieces for government bodies so work isn't an issue. The only real impact I've noticed is that my teenage daughter is having a difficult time replacing her current job.

stabiz · 09-12-09, 05:25 AM

Nothing wrong here either, I have actually never had more money than I have now.

09-11-09, 10:43 PM	#1
GoldenRivet Subsim Aviator Join Date: Mar 2007 Location: Texas Posts: 8,726 Downloads: 146 Uploads: 0	Since the economic crisis has started i have completed all of the following 1. Purchased a new vehicle with great financing options 2. Purchased an airplane 3. Opened a flight school which is doing relatively well (paying for itself with profit) 4. Moved into a nicer area of town I think that the "crisis" is highly localized to specific areas. __________________

09-12-09, 02:51 AM	#2
Arclight Navy Seal Join Date: Jun 2008 Location: Land of windmills, tulips, wooden shoes and cheese. Lots of cheese. Posts: 8,467 Downloads: 53 Uploads: 10	Not me personally, no, my income actually went up and inflation is at 0%. Overall buying power is up, but so is unemployment. Gonna be a treasury deficit, though not as bad as predicted. Budget cuts are nescesary, but won't be made next year, instead they'll wait to recover from the depression. I still think that if the media hadn't stirred up a storm, nobody would have been the wiser and people would have just spend as normal, greatly reducing the impact of it all. But that's another matter. __________________ Contritium praecedit superbia.

09-12-09, 05:25 AM	#4
stabiz Silent Hunter Join Date: Jun 2006 Location: Norway Posts: 4,224 Downloads: 14 Uploads: 0	Nothing wrong here either, I have actually never had more money than I have now. __________________