I am certainly not qualified to predict the future and my crystal ball broke a few years ago, but I do have an observation that I believe may be an indicator of the future.  I have been traveling to Scottsdale, AZ for the past 18 years.  Over that time period I marveled at the hot air balloon sightings.  It would not be uncommon on any weekend morning or evening to see 10-15 balloons in the air at one time.  It truly is a great sight.

I had the opportunity to charter a balloon for my daughter’s birthday a number of years ago so I know it is not an inexpensive venture.  Over the past two years hot air balloon sightings have been rare.  I repeatedly commented to my wife that the empty skies must be the result of the poor economy.  This Thanksgiving, and the weekend before, the air was filled with 15-20 balloons.  Are hot air balloon sightings an indication people can again afford luxury items and the economy is recovering or is this prediction just full of hot air?

Dave Raysich, AIA, NCARB
Managing Partner