Nice try Raybyrnes, but that ain’t going to cut it buddy. There are three basic industries in San Diego; Biotech, Defense/Military, and Real Estate Related. Which one do you think has grown the most in the past several years? It isn’t biotech. All those do-nothing real estate jobs are going bye-bye as we speak. Wait until Country Wide…or Country Fried as I like to call, finally blows up when their investors realize that the AltA loans are just as crappy as the subprime loans. There will be some unhappy people in Mission Valley that day.
I drive around SD all the time and guess what I see a lot of? Lots of nice vehicles with realtor advertisements on them or home type businesses like..scrapbooking or some crap. Those people are screwed and they are only beginning to realize it.