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

To: John Vosilla who wrote (49789)	3/8/2006 12:45:33 PM
From: BWAC	Respond to of 306849

Burlington used to be a big manufacturing town. It may get encompassed as a sattelite bedroom community into either the Triad area (Winston Salem/Greensboro/High Point) or more far fetched Research Triangle/Raleigh. Until then it is just a deadzone in the middle on the major interstate running thru NC. "Textiles still prevailed, however, and in the 1970s, severe recession struck here. Unemployment rose to almost 20 percent at one point. With local leadership, diversification in the local job market began to occur, and there is no longer such reliance on a single industry. Textile employment remains heavy, but the largest single employer is now a medical diagnostic company. Again, adversity proved to be a new opportunity. Diversity is now a reality and recession is less a threat." And now: "Today, Burlington enjoys a unique position in North Carolina. It is home to major industry, to growing retail and residential development, and now it is facing up to a new challenge—the growing presence of Hispanics in the population mix. Already, there are changes in education, in the retail community and in the employment market to meet these demographics and meld the newcomers into the population"