So maybe I am a bit contrarian here… I mean yes yes yes I believe the real estate market will continue to deteriorate…. but… I just do not see the economic catastrophe that is predicted. I don’t dispute alot of people in the real estate industry will lose work. Yet I think that there is an awful lot of money in this city outside the industry. Personally I am also involved in engineering and my wife also does alot of business with plastic surgeons and skin care professionals in town. Now I will not say a whole lot about the engineering field but it is not nearly as shaky as real estate. As for plastic surgery and affiliated industries, home healthcare etc… these are not going to weaken much no matter what the real estate market does. Home healthcare, senior care, things like that. I know our national GDP is anemic… yet I think we will see an economy that doesn’t quite fall apart as some may predict. I think there is an element of resilience that may surprise alot of us.
