{"id":4134,"date":"2009-02-03T11:00:29","date_gmt":"2009-02-03T19:00:29","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=4134"},"modified":"2009-02-03T18:35:42","modified_gmt":"2009-02-04T02:35:42","slug":"bill-virgin-will-recession-hit-seattle-harder-than-elsewhere","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2009\/02\/03\/bill-virgin-will-recession-hit-seattle-harder-than-elsewhere\/","title":{"rendered":"Bill Virgin: Will Recession Hit Seattle Harder than Elsewhere?"},"content":{"rendered":"<p>Yet another great editorial from Bill Virgin: <a href=\"http:\/\/seattlepi.nwsource.com\/virgin\/398425_virgin03.html\" title=\"Once considered recession-proof, Seattle no longer is\">Once considered recession-proof, Seattle no longer is<\/a><\/p>\n<blockquote><p>Recessions, Seattle has long believed, were phenomena that happened to other, less fortunate, less blessed and, frankly, less gifted parts of the world.<br \/>\n&#8230;<br \/>\nUntil now.<\/p>\n<p>As recently as the first half of 2008, you could find plenty of people who believed that the old model would continue to hold, that Seattle would be largely immune to the slowdown afflicting the rest of the nation. A series of major layoff announcements by the high-profile big companies that were supposed to carry us through may have been enough to chase away such comforting notions. Diversity is a nice thing to have in an economy, but it&#8217;s not of much use when every sector is ailing and when every corner of the globe is in trouble.<\/p><\/blockquote>\n<p>As usual, I recommend you <a href=\"http:\/\/seattlepi.nwsource.com\/virgin\/398425_virgin03.html\" title=\"Once considered recession-proof, Seattle no longer is\">read the whole thing<\/a>.<\/p>\n<p>Bill has been one of the few local commentators that has consistently provided a voice of reason on the subject of the local housing market and economy&mdash;even during the boom years.  It will be a real shame to lose Bill&#8217;s perspective if\/when the P-I closes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yet another great editorial from Bill Virgin: Once considered recession-proof, Seattle no longer is Recessions, Seattle has long believed, were phenomena that happened to other, less fortunate, less blessed and, frankly, less gifted parts of the world. &#8230; Until now. As recently as the first half of 2008, you could find plenty of people who&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[198],"tags":[90,1115,19,26],"coauthors":[],"class_list":["post-4134","post","type-post","status-publish","format-standard","hentry","category-news","tag-seattle_is_special","tag-economy","tag-seattle_pi","tag-virgin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bill Virgin: Will Recession Hit Seattle Harder than Elsewhere? \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2009\/02\/03\/bill-virgin-will-recession-hit-seattle-harder-than-elsewhere\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Bill Virgin: Will Recession Hit Seattle Harder than Elsewhere? \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Yet another great editorial from Bill Virgin: Once considered recession-proof, Seattle no longer is Recessions, Seattle has long believed, were phenomena that happened to other, less fortunate, less blessed and, frankly, less gifted parts of the world. &#8230; Until now. As recently as the first half of 2008, you could find plenty of people who...\" \/>\n<meta name=\"twitter:creator\" content=\"@The_Tim\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleBubble\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Tim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2009\/02\/03\/bill-virgin-will-recession-hit-seattle-harder-than-elsewhere\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2009\/02\/03\/bill-virgin-will-recession-hit-seattle-harder-than-elsewhere\/\",\"name\":\"Bill Virgin: Will Recession Hit Seattle Harder than Elsewhere? \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"datePublished\":\"2009-02-03T19:00:29+00:00\",\"dateModified\":\"2009-02-04T02:35:42+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2009\/02\/03\/bill-virgin-will-recession-hit-seattle-harder-than-elsewhere\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2009\/02\/03\/bill-virgin-will-recession-hit-seattle-harder-than-elsewhere\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2009\/02\/03\/bill-virgin-will-recession-hit-seattle-harder-than-elsewhere\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bill Virgin: Will Recession Hit Seattle Harder than Elsewhere?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\",\"url\":\"https:\/\/seattlebubble.com\/blog\/\",\"name\":\"Seattle Bubble\",\"description\":\"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\",\"name\":\"The Tim\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"caption\":\"The Tim\"},\"description\":\"Tim Ellis is the founder of Seattle Bubble. 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