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Karevoll is poorly versed in the cycles of real estate markets. The prices move in trends; they don’t fluctuate month to month. At least the U-T gets both sides of the stories, although I think the bear side is factual and the bull side is RE cheerleading.
I hope the news makes it to the front page.
BTW People are leaving the county without being laid off. My wife tells me there are a lot of job openings in her field and the company I work for cannot fill several positions because experienced engineers will not move here. We just lost another one to Indiana last week.
A few days back there was an article in the UT about how San Diego is now the least safe major city in the USA. The reason: policemen are leaving citing high costs of living. To the city economy, it is the same when an employee gets laid off vs. when an employer cannot find employees to hire.
I see Hiring Signs every day. Yesterday, on the back of a Sears technician service van. At my bank. At Henry’s, the Verizon store. How can this not lead to higher wages?
I see commercial/retail building vacancy signs, more than before.