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January 9, 2009 at 6:06 PM in reply to: New Paradigm: The job market is the biggest economic problem #326852January 9, 2009 at 6:06 PM in reply to: New Paradigm: The job market is the biggest economic problem #326922
peterb
ParticipantI’ve said it at least a dozen times on this site…when unemployment goes past 7%, CA RE starts to tank. It’s on record for the last 3 recessions. This is gonna be a mega-tank year.
January 9, 2009 at 6:06 PM in reply to: New Paradigm: The job market is the biggest economic problem #326940peterb
ParticipantI’ve said it at least a dozen times on this site…when unemployment goes past 7%, CA RE starts to tank. It’s on record for the last 3 recessions. This is gonna be a mega-tank year.
January 9, 2009 at 6:06 PM in reply to: New Paradigm: The job market is the biggest economic problem #327024peterb
ParticipantI’ve said it at least a dozen times on this site…when unemployment goes past 7%, CA RE starts to tank. It’s on record for the last 3 recessions. This is gonna be a mega-tank year.
peterb
ParticipantI thought the state had extended the foreclosure moratorium?
peterb
ParticipantI thought the state had extended the foreclosure moratorium?
peterb
ParticipantI thought the state had extended the foreclosure moratorium?
peterb
ParticipantI thought the state had extended the foreclosure moratorium?
peterb
ParticipantI thought the state had extended the foreclosure moratorium?
peterb
ParticipantRents are always the last thing to drop as people have to live somewhere. Usually, rents will decline when unemployment gets high enough, that people start to share housing to defray costs and then actually leave the area for work. CA tends to do this because it usually leads the nation in unemployment. So the temptation to leave the state for cheaper living and more jobs is a factor that should drive rents down.
peterb
ParticipantRents are always the last thing to drop as people have to live somewhere. Usually, rents will decline when unemployment gets high enough, that people start to share housing to defray costs and then actually leave the area for work. CA tends to do this because it usually leads the nation in unemployment. So the temptation to leave the state for cheaper living and more jobs is a factor that should drive rents down.
peterb
ParticipantRents are always the last thing to drop as people have to live somewhere. Usually, rents will decline when unemployment gets high enough, that people start to share housing to defray costs and then actually leave the area for work. CA tends to do this because it usually leads the nation in unemployment. So the temptation to leave the state for cheaper living and more jobs is a factor that should drive rents down.
peterb
ParticipantRents are always the last thing to drop as people have to live somewhere. Usually, rents will decline when unemployment gets high enough, that people start to share housing to defray costs and then actually leave the area for work. CA tends to do this because it usually leads the nation in unemployment. So the temptation to leave the state for cheaper living and more jobs is a factor that should drive rents down.
peterb
ParticipantRents are always the last thing to drop as people have to live somewhere. Usually, rents will decline when unemployment gets high enough, that people start to share housing to defray costs and then actually leave the area for work. CA tends to do this because it usually leads the nation in unemployment. So the temptation to leave the state for cheaper living and more jobs is a factor that should drive rents down.
peterb
ParticipantCouldnt tell if it included the Debt Relief Act in it? I think this act runs through 2009. Getting a 1099 for the unpaid portion would not be a fun thing. Cant BK on Uncle Sam.
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