Same story goes with Kyocera – (former) manufacturer of cell phones in San Diego. Software engineer jobs at Kyocera have been getting outsourced overseas in recent months. The huge manufacturing plant around La Jolla now sits almost empty like a ghost town. High-paying jobs in San Diego are slowly dying away –ditto, “RIP-San Diego”.
This soothsayer says, because of the equity or wealth destruction coming in the next few years in SD, compounded by loss of high-paying jobs, there will be many people who will feel psychological discouragement and will use their displaced energies (that in previous years were spent shopping for garage thrash and toys greased by housing ATM)venting and lashing out. Rage will be seen in so many forms. Some in crystal ball: Road rage will intensify; SUV and car torchings will gain attention; office politics will become meaner and nastier; grifters and con men will come out of the woodworks – not to mention property thefts and vandalisms. Assessors office will be saddled with housing property tax reassessments like you’ve seen in 1994-95. To pick up the pieces off the floor of the housing crash, many will find their salvation by moving away from San Diego.
