Hoping for a recession… - Posted by Matthew Chan
Posted by Matthew Chan on June 21, 1999 at 23:49:29:
I hope a recession happens soon. I’ve said this to quite a few people I know and people are looking at me strangely and saying, “No, I hope not!” And probably quite a few people here are internally fearful of the slowdown in the economy since it has been riding high for so long. Truth be known, I am somewhat concerned too but I think it is inevitable.
Having heard Kiyosaki’s latest tape, “Profiting from Financial Crisis”, I really got excited about the opportunities that can occur.
It is selfish of me to hope for a recession but at least I am honest. Getting deals will be a little easier. Plus the craziness that I am seeing where even 2 bedrooms and 1 bath homes are being bought at 3 bedroom prices will slow down a bit. It is incredible!
For the few of us that are hoping for a recession, the closest possibility that I see is when Year 2000 hits. It has been hyped up so much, it should be entertaining to watch and see how the economy plays out.
Is anyone else as insane as I am hoping for a recession?