We are living in 'The Great Transition' not 'The Great Recession' and a 'New Economy' will be the next step. Global influence, technology, demographics and the broken economic model of the past are driving this transition. Today's business and political leaders are struggling with this transition. New leaders will and are stepping forward. A less short-term selfish economic model will prevail. A 'new economy' based on real value and service to people first, one with long-term selfishness as it's driving intention. One that uses natural laws to serve people first, instead of breaking them for selfish short-term gain. A 'new economy' that can and will use technology to serve people and enrich lives.
In real estate, retailing and business, as well as life, people are moving from a desire to be enchanted, to a desire to be enriched. People don't want to be wow'd anymore they are moving to and buying that which they believe will enrich their lives.
The 'new economic model' won't look or act like the old one and the rules that business played by in the past aren't working in 'the transitional economy' nor will they apply to the 'new economy'.
Just 4 years ago the majority of American's surveyed were willing to move outside the US to retire to a tropical location. Now many will do so to live and continue to work. Then there are the Gen X, Y and Millennial's, many of whom want to live in an Urban Village within walking distance to all their services.
These won't all be in traditional Urban Environments. Many of these Urban Villages will be developed in cost effective and desirable locations. Think Las Vegas as a starting point of a modern Urban Village, then remove gaming and replace it with different lifestyles and the services that support them...and it's in the middle of the desert. Urban Villages can be developed anywhere, and will be.
People are transitioning from the pursuit of a living to the pursuit of a life...This is a significant change...It's not about 40 years of commitment to a company and retiring...It's not about a career...It's about living their vacations or retirement and adding making the money needed to live to that lifestyle. That's why even in this time of high unemployment people are quitting long time jobs, starting small businesses and network marketing is booming. Information, content and community are king!
Stay with it my friends...If you can see and feel this happening you are on a right path. There will be many roads to take to succeed in the 'new economy' that will come from 'the great transition' and you can make the life you want to live if you are aware it's happening and prepared to adapt.