[quote=Nor-LA-SD-guy]
It has been the relative low end employees i.e.. Construction, manufacturing etc.. That (as usual) have taken the blunt of the lay offs, so I give this very little credibility (unless you live in Detroit or some place similar)
In SD there is a lot of Wireless communications work and that has been one of the few bright spots in communications over the last 10 years so I would not expect to see a lot of high end employees hitting the streets in SD myself.
In L.A. the entertainment industry is having record profit the last few years so I would not expect to see a lot there either.[/quote]
LOL… Do you do even the slightest research before you post those duzzies?
Everyone relax. The empire is crumbling and the powers that be are trying to manage the fall. The dam will break on their time frame.
As for the Gov. or banks “managing” things to keep housing prices up, please remember that they went nearly straight to 50% off to move inventory in many areas. Of course they can’t have every market returning to almost sanity at once. If your area has not seen the 50% off then just be patient.
There are empty houses all across CA. If you think that’s a sustainable plan for the banks then go join the bidding war ranks; otherwise just chill 🙂
