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we all did. we were spending money we didnt have, taking risks that ended up not panning out, investing huge resources into systems that are being dismantled/downgraded now
a micro example is myself. i buy a house, it goes up in value, i feel richer and spend more (because i have more equity in the house), i take loans out against mortgage equity.
house loses value, like it did, i have to draw it all in, thus change in lifestyle
good question
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