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On tonights financial news it was pointed out that California has the SECOND largest economy in the US and has one of every eight Americans. Further, it's economy is larger than all but seven nations -- OK, what state's economy is #1 and why? What will happen to balance the CA budget?

posted by v123

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Actually the population of California grew about 8.5 percent from 2000 to 2008.

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One can ony assume businesses are supplying and feeding that increase.

For much of the country this sort of population growth is part of the problem. It means more demand for infrastructure, highways, schools, etc. and space and many resources are finite.

Something to remember on June 11th, World Population Day.

posted by RubiconIII
5 months ago

Here (Charlotte) people keep moving in and housing and schools keep being built -- As there is no real industry here and as the major employers are disgraced banks (Wachovia,BOA) one necessarily wonders where the jobs will come from -- And while one hears about great real estate deals on foreclosures, I would summarize my experience as seeing the opportunity to buy foreclosed DESIRABLE houses at about 72 to 80 % of what they would have probably sold for in a good market (and in better condition) -- Not really earth shaking bargains -- There are, however, bad houses in bad neighborhoods available for only a few thousand dollars in many cases.

posted by v123
5 months ago

The old real estate rule is forever true, location, location, location. You always have to look at the things you can't change. Around here the foreclosures haven't been such bargains either.