Someone (Bob?) mentioned earlier that TV prices won’t stop falling until No.San Diego stops falling. I tend to agree with that perspective.
I’ve got neighbors who live here in TV but work in OC.
Economically, TV is sandwiched between OC and SD. Job losses in OC and SD exert downward pressure on houses in those geos but they also have an indirect effect on house prices in TV becuase of the people who live here but work outside the county.
I recently read an article in the OC Register about a CSUF projection of 20,000 jobs being lost in OC in 2009.
But “…As bleak as CSUF’s forecast was it was rosier than one released by the Los Angeles Economic Development Corp. forecast in February. The LAEDC’s forecast predicted Orange County would lose 43,200 jobs this year with employment continuing to drop in 2010, but at a slower pace.”
43,200 jobs lost in OC may not make a large ripple out here in TV but it will still reach us.
On another note, my teenage daughter went into the Buckles store at the Promenade mall for an interview. While she was there about 10-15 other women (middle age) came to interview for the same job. Although that’s just a snaphot in time it is a data point nevertheless. Middle age women, competing with teenagers for jobs in Temecula – just another data point.
