I work in Real Estate development (Retail) so I am watching things very carefully. I have two projects under development right now (start construction very soon, both 60% leased or greater and in prime locations). The other projects we have on the books are 2+ years out through entitlements. Plus the land is owned free & clear so we can wait out the market. We have a very strong (multiple millions of sf) portfolio of existing high quality real estate that kept the company going through the 90’s.

On the personal side, I have almost all my money sitting in savings accounts earning 5-6% interest. I have maybe 5% of my portfolio in stocks and both are long term holds. I have another 20% of my portfolio in two real estate projects in Arizona & Texas. I am nervous about them a little but we don’t have extreme leverage so we can stop distributions and give rent abatement if needed (plus we have 6 months of reserves for both properties). No CC debt, and renting. I do have a car loan but it’s minimal and I only owe 40% of the KBB value (at 3% interest). God forbid I was to loose my job I could pay rent and all other expenses with the income from savings accounts.

That about sums it up. I am going into this market with eyes wide open.