It’s not so much fear as it is being alert and knowing what’s going on all around you (including global issues).
For some areas, much of the risk has been eliminated over the past few years (like O’side, Escondido, Vista, etc.). In other areas, the risk is almost as high as it was during the peak.
Some of the “safest” jobs are in govt, and I can assure you the axe is being honed right now. Can’t imagine the private sector is any better off. We still have a lot to work through in the financial world, and there are greater negative demographic and wage pressures that we didn’t have during the last few RE cycles.