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If there's a financial crisis: * You're more likely to lose your job or find it difficult to switch jobs, which will impact your earnings * Banks are less like
by verbify 10y ago
If there's a financial crisis:
* You're more likely to lose your job or find it difficult to switch jobs, which will impact your earnings
* Banks are less likely to give easy lines of credit, making it difficult to get a mortgage
Timing the housing market is as difficult as timing any market - time in the market beats timing the market.
- codingmyway 10y agoMaybe. 2008 to 2012 were actually the best years for me, both for life and jobs. I even managed to get a contract straight back from my travels in 2010 at a rate that I haven't beaten since. The economy didn't totally shut down. My issue was getting a mortgage but if I hadn't had a gap I could have got one even then as I had a good deposit. It's the aftermath of QE and years of zero rates that I wasn't prepared for so it turned out to be a very expensive break.