In the market crash about 15 years back my IRA took about a $40K hit. Took about 7 years to get it back. Bailed on the recent housing related crash, so lost nothing there.
Been lucky and saved a lot, so have never been hit with a life changing situation.
2008 was the big crash for me. I lost close to 200k. Fortunately, most of that was money I'd made on the market so I guess it's easy come, easy go. Real estate has always been kind to us, although I think possibly Canada is in for a bit of a burst bubble in the next few years.
