Still high on healthcare
THIS ECXTOR ROLLS ON AMID THE GENERAL SLOWDOWN
Dear Reader:
As a journalist, I was trained to be highly suspicious of absolutes. If anyone makes a definitive statement – that something is “always” this or “never” that – it sets off my hyperbole warning system.
So when I hear some healthcare real estate folks talk about how this sector is “recession-proof,” I cringe. I’m not just skeptical; I also worry that it’s a sign of overconfidence. And history tells us what happens to the overconfident – from the British in the Revolutionary War to the venture capitalists of the dot-com era to, perhaps, the Patriots in Super Bowl LXII.
Having said that, although I don’t believe any business is recession-proof, I must admit that healthcare real estate comes pretty close.
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