One of my studios is now always empty, but its because the pros that defected to it have returned to a less 'beautiful' but much larger and cheaper (floor fees are less)studio and taken their students with them. The older studio is always packed and has the best group lessons I've run across.
My sweetheart has finally agreed to learn to dance with me, but wanted to start slow, so I'm also taking an intro to ballroom with him at community college and it has a wait list of 17. (By the way, yikes from open gold to prebronze!! At least its good practice on the basics, you can always use practice!!)
If dancing is your passion you figure out how to do it. You may change where and when, but you do it.
Maybe the downturn will be a good thing. Maybe the comps will have to change who they rob to make money and return the impetus to good dancing not just big spending.