I am fortunate I escaped relatively unscathed from the housing crisis. Three years ago I was under extreme pressure from peers, co-workers, and real estate agent to purchase a house. And even though, I had a credit rating in the 850's, had a good paying job, and was approved for a large loan, I decided not to purchase, because the math just simply did not add up in my head when I estimated my total cost of owership. Everybody told, but "house prices will rise" so don't worry, but the thing is I wasn't planning to "buy and sell", but rather and "buy and live".
I took my OWN decision and had nobody else to blame for that (not the politicians, not my real estate agent, not my coworkers).
As it turned out, it was the right decision for me personally. I saw many of my friends suffer and stress through the home crisis and beg help from the banks and the government.
My company went through a round of layoffs and many people lost their jobs. I was one of the lucky ones that survived and dedicated myself to work harder (as a way to survive). When the elections came around in 2008, the economy was in the tanks. Since then (whether it is Obama or not), things have turned around for my industry and my company is back growing and profitable. The past few months, business has picked up and morale is higher. As a matter of fact, we are starting to hire. Our stock has risen from the lows and hit new highs, which provided additional income. On top of that, my hard work was rewarded with a promotion and my salary increased!
So, do I personally feel better now than before... the answer is YES! Was this thanks to Obama? I am not going to get into that discussion, some will say yes, some will say no.
But what I am going to tell you is that I TOOK MY OWN DECISIONS and DID WHAT WAS BEST FOR #1 (MYSELF). I did not hear about Politicians telling me to do one thing or the other, I did not give in to the pressure to purchase a house, I managed everthing that I could control around me, I watched my own pocket, I worked hard... and as I result in 2010, I am better off than I was in 2009 and 2008.