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Old 03-23-2008, 09:52 PM
 
Location: Northern Colorado
4,932 posts, read 12,715,759 times
Reputation: 1364

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so i heard the recession that california is going into, will cycle out in 3 years. that's all i remember about a recession. can anyone explain it more to me. like when it will be the worst and get better? and will it affect shopping centers being built?
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Old 03-24-2008, 01:48 PM
 
Location: South Bay
7,226 posts, read 22,117,393 times
Reputation: 3626
the technical definition of a recession is 2 or more consecutive quarters of negative growth. Negative growth is when less money is spent that the prior quarter. I believe the 4th quarter of 07 showed very marginal growth, so we really won't know if we're technically in a recession until summer this year. However, many people are predicting a recession, which in turn effects buyer behavior. Regardless of whether we're currently in a recession or not, people are not spending as much money as they had before, which probably means that less shopping centers will be built.
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Old 03-24-2008, 03:06 PM
 
Location: Northern Colorado
4,932 posts, read 12,715,759 times
Reputation: 1364
Does anyone know what the process of getting out of a recession is? I heard ithe market takes a dive, then freezes, then goes high and low, and then stabilizes, and goes up again. and i hear it will take 3 years for all this to happen.
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Old 03-25-2008, 11:46 AM
 
Location: South Bay
7,226 posts, read 22,117,393 times
Reputation: 3626
anyone who guesses an amount of time it takes to get out of a recession is purely speculating. there is really no way to tell how long this whole process could take. it could be a few months, it could be a few years or longer.
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Old 12-05-2013, 06:59 AM
 
1,420 posts, read 3,171,554 times
Reputation: 2257
California economy continues uneven recovery, UCLA says - latimes.com
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Old 12-05-2013, 01:26 PM
 
Location: Boulder Creek, CA
9,197 posts, read 16,782,759 times
Reputation: 6373
Quote:
Originally Posted by Cheektowaga_Chester View Post
AHA! Interesting reality check for the Inland Empire anti-government agitators:
Quote:
UCLA researchers dubbed these hard-luck regions "Californillachia."

Inland regions have long depended on sectors that have yet to come roaring back. In inland counties, for example, the government and construction industries traditionally represent 25% to 35% of all jobs; many of these sectors have shed positions in the last 12 months, the forecast said.

Difficult to spew hatred about government and decry a faltering local economy, when it's success is based, in great part, on government jobs.
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Old 12-05-2013, 01:45 PM
 
1,014 posts, read 1,564,374 times
Reputation: 2630
Quote:
Originally Posted by bigdumbgod View Post
AHA! Interesting reality check for the Inland Empire anti-government agitators:


Difficult to spew hatred about government and decry a faltering local economy, when it's success is based, in great part, on government jobs.
Because bloated government jobs and salary, together with absurd pension costs, worked so well in Detroit, Stockton, Vallejo, San Bernardino, Mammoth Lakes, and Desert Hot Springs. All bankrupt because the municipal governments couldn't pay their outrageous public sector costs. Fact.

California: second-worst credit rating in the United States, and only behind Illinois, which also is deep in the red because of pensions that can never be paid (hence the Illinois legislature is seeking to reduce them). Fact.

Bankruptcy is the ultimate "reality check." Coming soon to a city near you, as Desert Hot Springs will need to file for bankruptcy a second time due to runaway pension costs. Los Angeles drowning in a sea of red ink, and that city is in big trouble (hence why they are floating the idea of raising the sales tax yet again). San Diego is still deep in the red, but was able to get some control of its bloated budget only after passing Proposition D to rein in outrageous pension and public employee expense -- which the unions are now fighting in court.
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Old 12-05-2013, 04:48 PM
 
Location: Boulder Creek, CA
9,197 posts, read 16,782,759 times
Reputation: 6373
Quote:
Originally Posted by USDefault View Post
Because bloated government jobs and salary, together with absurd pension costs, worked so well in Detroit, Stockton, Vallejo, San Bernardino, Mammoth Lakes, and Desert Hot Springs. All bankrupt because the municipal governments couldn't pay their outrageous public sector costs. Fact.

California: second-worst credit rating in the United States, and only behind Illinois, which also is deep in the red because of pensions that can never be paid (hence the Illinois legislature is seeking to reduce them). Fact.

Bankruptcy is the ultimate "reality check." Coming soon to a city near you, as Desert Hot Springs will need to file for bankruptcy a second time due to runaway pension costs. Los Angeles drowning in a sea of red ink, and that city is in big trouble (hence why they are floating the idea of raising the sales tax yet again). San Diego is still deep in the red, but was able to get some control of its bloated budget only after passing Proposition D to rein in outrageous pension and public employee expense -- which the unions are now fighting in court.
OK, we get you're totally obsessed with this bankruptcy lust, but that's not what we were addressing here. Dismount the one-trick pony for a change.
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Old 12-08-2013, 07:57 PM
 
364 posts, read 608,690 times
Reputation: 620
An economy based on government jobs. The idea is so idiotic that I hardly know where to begin. Like trying to make sense with a socialist. Impossible.
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Old 12-10-2013, 10:16 PM
 
Location: Bay Area, CA/Seattle, WA
833 posts, read 1,193,327 times
Reputation: 833
I dont know where you guys have been. But itseenseems as if we've been in a recession in CA for quite some time.
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