ON THE LIST OF VULNERABLE COMPANY TOWNS Living in the Seattle are from 1985 to 2

http://www.thestreet.com/story/11406713/1/10-totally-vulnerable-company-towns.htmlREDMOND ON THE LIST OF VULNERABLE COMPANY TOWNS

Living in the Seattle are from 1985 to 2008 was an opportunity to take advantage of one of the most extraordinary micro-economies in history. However, even the best companies only stay on top for one or two decades before the innovator’s dilemma and bureaucratic rent seeking kick in and competition erodes the business. In 2006 I said that if the effects of the recession lasted as long as I thought — through 2014 (which seems optimistic now) — then home prices would never recover because the decline of the towns major employer would kick in before the broader economy.