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But that is not the only problem that exists. Mr. Wilmot sited an example for the kind of situation. He describes a dealer selling a condo unit. Seeing the condo unit itself would not give the buyer a bad impression on what the dealer is selling, but unfortunately when he would see the effects of the spill, he would then decline on his transaction.

The occurrence of the oil spill problem had made uncertain effects to the businesses, specifically the real estate. This has turned the tourists out of interest, as well as the investors from the beaches along the gulf coast.

The economy of this kind of town depends on all its business flow. The sales of the establishments matter on the economy of the place, as well as the rentals of the homes for vacation. This explanation has meant that these businesses have become the life blood of its economy. Drawing tourists on the place would give the chance to fill most of the boutiques and restaurants. That is why the tourists take a big part on the flow of the economy’s businesses.

There has been decreasing sales of the condominiums at the beachfront. This started when the spill happened. To the rentals, the number of apartments was decreased due to the stopped operation of some. It is for the reason that some of the portions of the place might be more exposed to the uncertain effects of the spill. An example for this is the impact on health to the people who live there.

The property values of the place tend to lessen due to the specific situation. It is evident that this concept is real because of the decreasing number of tourists that are coming in the place.

Different kinds of business persons who are in the place are facing disastrous decreases on their business operations. These are the agents on real estate, the builders, respectable lawyers and the like. The prospects on having another set of rental transactions also declined. The 600 miles of coastal property this was worth an average of 4.3 billion prior to the spill. Now, the value of that Louisiana coastal property has also declined like the others. The information is taken from Norm Miller who is an economist.

The declines that happened in the coastal and land properties, as well as the living of the people have defined the tragic impact of the spill. But the prime focus of this tragedy in business is the fall of the so called life blood of its economy. There have been big differences on the rates and the sales when you compare the present ones to the rates before. So, there should be enough alternative for the economy ahead of time to avoid the real depression.