BobS
Hmm…I thought this topic was SD jobs and economic health. But LL is so prescient he can know all about me in my 7 lines that he can go on with a personal attack that goes on for 19 lines! And darn, he discovered that I flip burgers in AZ.
Back to topic:
The latest figures on job creation in San Diego and CA are abysmal. We are way underperforming the nation, as the original post establishes, in both quantity and (for San Diego), quality of jobs, and no, it is not all construction-related.
Check the ratio of U-Haul truck rental pricing CA vs the more dynamic lower tax, business-friendly states. 4 to 1 all the way to 7 to 1, last I checked. People are voting with their feet, especially wealthy taxpayers. Many who “work” in the Bay area actually live in the Tahoe area; I hear anecdotally the same is true for L.A. & Las Vegas.
Texas is booming, and it is not just oil-related buy high tech. So is Utah, Idaho, Washington.
Demographics is destiny, and the trends are not good for San Diego.
News flash: the looniest of liberals control our state legislature, and have for many years. They are readying major tax hikes and the puny number of Republicans can’t do much to stop them. Democrats are near to having a 2/3 majority, which would emasculate any remaining Republican power. The Gubernator? He long ago turned into a girly-man. Remember, he sleeps with a Kennedy.
As for me, I sold almost all of my San Diego properties between 2002 and 2007 and moved my investments to friendlier climes where it has done well. My wife and I will stay in San Diego for the weather and other attractions, but my money won’t.
