[quote=deadzone]sdr, if the economy in SD is doing so well, then why are RE prices still going down (or at best flat)? Even with HISTORICALLY low interest rates?
Apparently not everyone is doing so well like “your clients”. I swear you must literally walk the streets with blinders on.[/quote]
Unfortunately, I think there is what I call a “cleaning out effect” in San Diego right now. There are a group of folks who are having a tough time finding employment and there is a group of people that have no issues finding employment. It depends largely on what not only what profession you are in but also specifically what you are doing in that profession. I think folks who are embedded enginerds for instance are having a much more favorable employment market (at least for now) than same defense enginerds, and the two areas aren’t crossing over. So it’s not like companies aren’t hiring here. They are, but for a lot of people they aren’t hiring the people who are looking for work here.
I have a c-level friend that use to work for a defense company here. He’s had a tough time finding comparable positions in San Diego. The moment he put his credentials into the Virginia/DC/Maryland area, he got several offers paying him more than he use to make down here. So unfortunately, I’m going to be losing a friend soon locally…
Some folks are thriving in this economy, and getting pay increases as well (pension/government worker jokes aside)…Unfortunately, a lot of this is just sheer luck about being in the right place at the right time.
For instance, if you work for Ilumina, you’re rocking right now… On the other hand, if you’re one of the 300 people at Biogen Idec, you’re screwed….Same could be said if you are a person working on MediaFlo versus someone in QCT.
