What is Recession Proof?
Before the current recession, there were quite a few industries that were considered recession proof. Food, energy, medical, even housing. “Everyone has to have food , clothing & shelter.”, right? The price of oil has dropped. Much of the recent spike in agriculture came for sugar and corn used in ethanol production. The prices in the grocery store don’t seem to have declined; but the farmers are hurting again.
Health care workers are doing ok. Health care providers are having a problem collecting bills. Laid off workers lose their health insurance; but they cannot be refused service for something life threatening. I will make no discussion on housing, even though that is how most of us make our living. Are we still making a living?
My wife is an architect. The architects have an expression for recession times. They consider themselves to be “self-unemployed”. Is that what some of the REALTORS are?
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
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