TWICK,
Thanks, interesting article.
Funny thing....as bad a portrait the article paints (which I don't dispute at all); I still don't see the rents around here rolling back one bit. Nor Real Estate prices, though the bidding wars have died down. Nor have I noticed any prices for food, clothing, anything falling.... In fact, I just paid 2.11 a gal. for reg. at the Standard a couple blocks from where I reside. Two weeks ago, it was about 1.95! And this
after a media story very recently that gas was coming down a couple cents....Ha! What a laugh. I won't even mention energy (PG &E) bills....oops, guess I just mentioned it. ggg
I'd be willing to bet that for each company that will be willing to call it quits...there will be two more lined up for their turn in the batter's box. That article points out
San Jose's business license applications still up substantially over last year.
I understand the concept of recession and realize that unemployment is and will be rising, that there will be increased business failure, etc.....it's just you'd never know it living around here! Prices for anything still go up and up. New buildings still popping up. Vacant lots (rare) disappearing. Freeway (hwy 101) still becomes a gigantic parking lot at certain times on weekdays. So far, it's still business as usual.
Recession: I believe it, I just can't "see" it!
Regards,
Eichler |
