This is nothing like 2008. Back in 2008 the mood was much more dire- I remember walking through malls and picking up amazing deals. Like 80% off. If you had expendable income, you were saving it because you may not have a job tomorrow. Everyone else was worried about how they were going to make their next mortgage payment.

As for me, I was stuck in a house that lost 50% of its value. I had just purchased in 2006 so I could not sell and I wanted to move. I didn’t end up leaving until 2012 at which point I was still 30+% underwater and so happy I could short sell without incurring taxes on the difference thanks to legislation.

Now prices are going up- like crazy. Salaries in our industry are skyrocketing. It’s impossible to buy large consumables at any price - cars are selling for multiples over sticker! In 2008 you could buy anything you wanted at a discount if you had cash.

So no this feels nothing like 2008 for me.