Quote:
Originally Posted by the urban politician
^ Just being pessimistic for the sake of it doesn't make one astute--no offense.
Obviously a recession is coming, and obviously some projects will be killed due to it. But the notion that anything remotely similar to 2008 will happen again is quite unlikely.
If you actually look at the data, it's been shown that despite our construction boom office and apartment vacancy and rents have stayed fairly stable.
Also, your posts suggest that you don't really understand why the 2008 collapse happened.
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No offense taken. So 2008 could have been avoided had we had just known how it all works? Why did it happen if we are all so smart? In other words, If we know its coming why don't we stop it from happening? Imo, it's because of greed.
I have a good grasp on why the recession of 2008 happened. And I'm sure the good folks of 1939 thought it would never happen again. So, Yea, instead of saying "the last 35 years" why not just say the last 79 years?
Don't mistake pessimism for reality-check. Your paycheck is effected by all this too. But, yea, the skylines looking great.
