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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jim McMannis who wrote (173855)12/27/2008 2:02:25 PM
From: Think4Yourself of 306849
 
Oklahoma too. I was there for a few days this past week and you'd never know there was a recession there. Initially was happy for the people until I started talking to the folks I was visiting. The warning signs are all there that the economy is starting to dump, but the locals are oblivious, and doing the same things the Californians did (in denial, going deeper into debt, wasteful government spending). It seems everyone down there works in the service industries and the only thing they know how to "make" there is oil.

I can say that the southern economies are doing quite a bit better than the northern ones at the moment. The further south I went the better things seemed to be.
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