20% Unemployment in CA counties

[desmond]

UCGal,
Sorry to hear about your friends. I have a good friend, recently divorced and out of work (Drywall Contractor) now living out of his truck. This is why it is very important to stay out of debt.

[ybitz]

is there a historical correlation between unemployment rate and home prices? Logic tells me yes (high employment -> lower home prices), but as we’ve seen over the last year or so there are more factors at work than logic. Has Rich done a hard number analysis on this before? Love his graphs 🙂

[ybitz]

is there a historical correlation between unemployment rate and home prices? Logic tells me yes (high employment -> lower home prices), but as we’ve seen over the last year or so there are more factors at work than logic. Has Rich done a hard number analysis on this before? Love his graphs 🙂

[ybitz]

is there a historical correlation between unemployment rate and home prices? Logic tells me yes (high employment -> lower home prices), but as we’ve seen over the last year or so there are more factors at work than logic. Has Rich done a hard number analysis on this before? Love his graphs 🙂

[ybitz]

is there a historical correlation between unemployment rate and home prices? Logic tells me yes (high employment -> lower home prices), but as we’ve seen over the last year or so there are more factors at work than logic. Has Rich done a hard number analysis on this before? Love his graphs 🙂

[ybitz]

is there a historical correlation between unemployment rate and home prices? Logic tells me yes (high employment -> lower home prices), but as we’ve seen over the last year or so there are more factors at work than logic. Has Rich done a hard number analysis on this before? Love his graphs 🙂

[blahblahblah]

There are decent-looking people living in tents all over downtown now. It used to just be hardcore wastoids, addicts, and freaks, now there are a lot of people that look pretty normal. All ages too from 20s on up. I have even seen children. Drive past the library downtown sometime. There are also a lot of them east of park blvd. downtown.

[blahblahblah]

There are decent-looking people living in tents all over downtown now. It used to just be hardcore wastoids, addicts, and freaks, now there are a lot of people that look pretty normal. All ages too from 20s on up. I have even seen children. Drive past the library downtown sometime. There are also a lot of them east of park blvd. downtown.

[blahblahblah]

There are decent-looking people living in tents all over downtown now. It used to just be hardcore wastoids, addicts, and freaks, now there are a lot of people that look pretty normal. All ages too from 20s on up. I have even seen children. Drive past the library downtown sometime. There are also a lot of them east of park blvd. downtown.

[blahblahblah]

There are decent-looking people living in tents all over downtown now. It used to just be hardcore wastoids, addicts, and freaks, now there are a lot of people that look pretty normal. All ages too from 20s on up. I have even seen children. Drive past the library downtown sometime. There are also a lot of them east of park blvd. downtown.

[blahblahblah]

There are decent-looking people living in tents all over downtown now. It used to just be hardcore wastoids, addicts, and freaks, now there are a lot of people that look pretty normal. All ages too from 20s on up. I have even seen children. Drive past the library downtown sometime. There are also a lot of them east of park blvd. downtown.

[CA renter]

Unfortunately, I don’t know a single person who feels secure in his/her job right now, and that certainly includes public sector workers (who are described as having “recession-proof” jobs).

We know lots of people who have been unemployed over the past two years, and even if they find new employment, it’s always been for lower pay, and there is NO job security.

This is exactly why I think the current housing market is not based on fundamentals at all.

Oh, and we’ve just heard about another person who hasn’t made a mortgage payment in months, but still has yet to receive a NOD.

[CA renter]

Unfortunately, I don’t know a single person who feels secure in his/her job right now, and that certainly includes public sector workers (who are described as having “recession-proof” jobs).

We know lots of people who have been unemployed over the past two years, and even if they find new employment, it’s always been for lower pay, and there is NO job security.

This is exactly why I think the current housing market is not based on fundamentals at all.

Oh, and we’ve just heard about another person who hasn’t made a mortgage payment in months, but still has yet to receive a NOD.

[CA renter]

Unfortunately, I don’t know a single person who feels secure in his/her job right now, and that certainly includes public sector workers (who are described as having “recession-proof” jobs).

We know lots of people who have been unemployed over the past two years, and even if they find new employment, it’s always been for lower pay, and there is NO job security.

This is exactly why I think the current housing market is not based on fundamentals at all.

Oh, and we’ve just heard about another person who hasn’t made a mortgage payment in months, but still has yet to receive a NOD.

[CA renter]

Unfortunately, I don’t know a single person who feels secure in his/her job right now, and that certainly includes public sector workers (who are described as having “recession-proof” jobs).

We know lots of people who have been unemployed over the past two years, and even if they find new employment, it’s always been for lower pay, and there is NO job security.

This is exactly why I think the current housing market is not based on fundamentals at all.

Oh, and we’ve just heard about another person who hasn’t made a mortgage payment in months, but still has yet to receive a NOD.

[Author]

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