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Old 01-27-2012, 08:16 PM
 
Location: San Leandro
4,576 posts, read 7,610,316 times
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Sac bouncing back will depend a lot on whether the state bounces back. Another boom means big profits, more tax revenue, things that were cut get funded, and laid off gov't workers go back to work.

Construction is an issue because the area is over built from the re boom.

I'm hoping that there will be more healthcare jobs too.

The most important thing is that home prices stay afffordable for people who are working/investing
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Old 01-27-2012, 08:52 PM
 
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The rapid growth of area hospitals is a positive sign--not just hospitals, but teaching schools like UCDMC.

The problem with housing affordability is supply and demand--prices are low now because there is massive oversupply, especially out in the suburbs, but if jobs start appearing then housing prices go up. The existing oversupply will fill that need to a point, then prices will start going up. Another "bubble" will form if people start treating homes as a short-term investment again.
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Old 01-28-2012, 07:03 PM
 
Location: Vallejo
13,428 posts, read 15,000,465 times
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Quote:
Originally Posted by Curmudgeon View Post
A bit of disagreement here. Where a worker lives is generally where they spend most of their money and contribute the most in tax and fee revenues. It has an impact.
No one said it didn't. It however has nothing to do with Sacramento having a large percentage of public sector jobs than say Folsom. State workers are not serfs and free to live wherever they wish. If Sacramento wishes to retain some of the state employees that work in Sacramento and elect to live in Folsom perhaps they should work on addressing some of the issues that caused so many to choose to reside elsewhere instead of electing to follow policies that resulted in depopulating and driving them away. But that's a separate issue of your workforce choosing to reside elsewhere and not really anything to do with your workforce being heavily weighted toward the public sector.
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