Just saw an interesting report on ABC. The 'silver lining' of a downturn in a major city like this is that rent for businesses go does to the point where new businesses and entrepreneurs can now afford to rent and created new and innovative startups. She mentioned a number of businesses that were created out of past recessions, but the only one I remember is NetFlix.
Rent goes down and the low life's move in. Not the ones you want starting up businesses.