We're a boom, bust, boom, and another bust past that particular era today. While there is a sense that times are tough, even panicky, there is a countervailing upswing in entrepreneurialism, a willingness to try anything. That's the same spirit that fueled the period between the CRE collapse of the late 1980s and 1995, when the Internet took over. Mater Artium Necissitas -- Necessity is the Mother of Invention -- is a constant truism in the downturns. San Franciscans embody that idea whether its selling goods on the sly at a music festival, holding a pop-up street fair, or setting up a food cart, making way for the next economic epoch.
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