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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (17544)	2/19/2004 7:54:34 PM
From: JF Quinnelly	Read Replies (1) \| Respond to of 306849

The defense industry here was downsized dramatically back around 1990, it's what gave us our last RE bust. I have neighbors who work for Boeing, but I haven't seen any sign of a boom and they haven't mentioned one. In the past I'd hear a lot of radio ads for machinists and engineers whenever there was a new program, but I haven't heard any new ones. The film people are complaining about 'runaway production', films being shot in Canada and elsewhere. I have a cousin who is in the industry and he's been working, but I don't know that hiring is strong. Unemployment figures here are pretty low, and there's plenty of traffic clogging the freeways, so people are working at something. But Jack Kyser, chief economist for LA, recently said something like that we were losing $55k/yr jobs and replacing them with $38k/yr jobs. The one segment that I know is booming is sub-prime RE lending.