ECONOMICS

Trump’s ‘U.S. Going Out of Business’ Sale

Deals galore, just like in 2008!

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Most of us think of a recession as being bad, but that’s for ordinary folks. For some people, a recession is simply a big sale. All the assholes are counting their gold (or crypto or dollars) and gleefully thinking about what they might be able to pick up cheap.

Do you remember what happened in 2008?

I sure do! I’d remarried and the little single-mom house that I bought because I needed to scale down suddenly felt too crowded. We fell in love with an 1897 fixer-upper Victorian — the one we live in right now — and put the other house on the market.

I knew we were taking a risk, but I thought I could sell the little house quickly. And in fact, we got a buyer right away, and he was approved for a loan! We were thrilled.

And then the mortgage company called me the day before closing and told me they couldn’t approve the buyer’s loan after all. Somebody didn’t do their due diligence.

The ideal spring house-selling period passed as we waited for the closing date that was abruptly canceled. Worse, the housing bubble was bursting. I knew we’d missed the boat. Yet we’d already moved into the big house, and I’d pulled equity from the…