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Comment by Robotbeat | Hacker News Reader

So, I’m 36, and I promise you don’t want a deep recession. Cheap housing doesn’t matter if you don’t have a job. We dodged a freaking bullet economically with COVID. We recovered quickly. Heck, even in 2008 we did better than the countries that tried fiscal or monetary austerity.

And yeah, the real enemy is zoning. It’s fun to blame Blackrock, and they deserve it, but it’s regular homeowners trying to restrict more housing that is the cause.

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Hello fellow 36 year old!

I think graduating into the 2008 mess gives us peculiar point of view. Two years older, we might have already had burgeoning careers. Two years younger, we might have avoided it altogether.

I remember so much impending doom from those years. Pretty different than the current sentiment.

Two years younger reporting in, things were still terrible for the Class of 2010 graduates. New grad unemployment didn't recover until 2012.

2013 here. I'd say things weren't that great then too.

Didn't mean to imply that things were back to normal by 2010, only that it was (in theory) possible to prepare for it a little. In my case, there's no way I would have dropped CS in favor of anthropology if I knew what my prospects would look like!

But yeah, it was rough for everyone. Even now, young careers are shaped by what happened in 2008.

2002 here got into the market right after the 2000 bubble and the second Irak war… my lessons learned since has been to travel and go where the market is better.

One of the ironic twists is that EU is doing all the "hardcore" free market austerity stuff (think Greece's imposed austerity or Germany's balanced budget) while the US is doing the Keynesian stuff (tax cuts, stimulus checks, infrastructure projects).

That's not true, the Netherlands has a budget deficit of 60 billion this year saving the economy from COVID. The US gives money directly to citizens while Northern European countries are giving it to businesses.

I am also 36 and zoning is not stopping me from buying a house, lack of trucking to move out of state is because I want my stuff to actually show up in a reasonable amount of time.

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