I've been unemployed for ~4 months now (by choice) and it's been the best time of my life. Yeah, I'm burning through my savings, but I can focus on projects that make me happy, I can focus on honing skills I actually care about, and I don't have to partake in endless meetings that serve no purpose whatsoever.
What I realized as I entered my 30s is that some people are okay with that. Some people are okay with endless streams of bullshit and office politics, with building sub-par products, and with anxiety-inducing whiteboard interviews. All they want is a paycheck and all is well. Last year, I discovered that I'm not one of those people. I tried hard to fit in that mold and just be happy -- but what makes me happy is fundamentally at odds with being a model "company man."
Why the job search sucks is that there's a lot more people in the former camp than in the latter. It's the same reason why most people don't start companies, don't try to write novels, and don't compose orchestras -- a fundamental lack of creativity. Unless one of my projects really takes off, I'll inadvertently have to get another "real job" soon, and even though I loathe the process, I'm happy that this time away from work really helped me reflect and figure out who I truly am.