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Old 09-20-2011, 08:49 AM
 
Location: Los Altos Hills, CA
36,417 posts, read 65,991,036 times
Reputation: 20819

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Well, I dont know if I agree since coastal areas are also performing very poorly as far as job creation.

California rebound held back by inland areas | Reuters
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Old 09-20-2011, 09:03 AM
 
25,621 posts, read 35,981,557 times
Reputation: 23273
Good summation based on my experience.

No better time than right now to buy real estate.
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Old 09-20-2011, 09:04 AM
 
12,823 posts, read 23,932,474 times
Reputation: 11030
Real estate wise yes, job wise, no.
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Old 09-20-2011, 09:18 AM
 
Location: Sacramento, Placerville
2,511 posts, read 6,165,639 times
Reputation: 2259
The problem is politicians aren't smart enough to think beyond real estate, construction, financing and related activities to provide jobs.
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Old 09-20-2011, 09:25 AM
 
7,150 posts, read 10,615,418 times
Reputation: 3806
Quote:
Originally Posted by Bulldogdad View Post
Good summation based on my experience.

No better time than right now to buy real estate.
Right. My signed bill of sale and cashier's check are in the mail. Check your box, tomorrow, before Don9's Day of Doom descends upon us all.

Enjoy. Sincerely enjoy. Really. Really.
Your friend,
Ted
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Old 09-20-2011, 10:28 AM
 
Location: San Luis Obispo and Santa Barbara Counties
6,390 posts, read 9,417,765 times
Reputation: 2622
Donnie saw the Day After Tomorrow, figured it was a documentary.
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Old 09-20-2011, 10:41 AM
 
2,963 posts, read 6,160,864 times
Reputation: 1576
Fresno, get your act together
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Old 09-20-2011, 12:05 PM
 
Location: Florida
2,011 posts, read 3,491,171 times
Reputation: 2747
Quote:
Originally Posted by Bulldogdad View Post
Good summation based on my experience.

No better time than right now to buy real estate.
Know someone who has been doing just that, but is getting out of it for a good reason....amateurs are getting into it and getting stupid again.
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Old 09-20-2011, 12:59 PM
 
25,621 posts, read 35,981,557 times
Reputation: 23273
Quote:
Originally Posted by CarawayDJ View Post
Know someone who has been doing just that, but is getting out of it for a good reason....amateurs are getting into it and getting stupid again.

I am not talking about flipping, which if done correctly can bring in some good money but you need cash for purchase. Anything under 150,000 right now thats move in ready goes real quick in a decent area.

I was referring to a buy and hold strategy in the right areas.
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Old 09-20-2011, 01:39 PM
 
2,093 posts, read 4,598,831 times
Reputation: 1121
Quote:
Originally Posted by 18Montclair View Post
Well, I dont know if I agree since coastal areas are also performing very poorly as far as job creation.

California rebound held back by inland areas | Reuters
I actually agree with the article, and I'm being genuine about it.

The inland California will always lag behind the economies on the coastal areas, especially in San Diego, Los Angeles, and San Francisco (sorry Majin Buu, Sacramento isn't making the list). This is because these are top attractions to businesses worldwide. There will be always be plenty of Business to Business in these cities where the inland California is mostly utilized for resources such as oil and agriculture. There just aren't many Fortune companies located inland.

Unless the private sector of small businesses gets going again, we're in for a long haul to recovery because the bulk of them are in central valley.

Just my two cents.
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