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

To: Bonefish who wrote (74560)3/22/2007 4:38:55 PM
From: Smiling BobRead Replies (1) | Respond to of 306849
 
That's a lot of empty office space
CA reits worth a look



To: Bonefish who wrote (74560)3/22/2007 5:24:15 PM
From: CalculatedRiskRead Replies (2) | Respond to of 306849
 
Wow. The mortgage industry is huge in the O.C., but I can't believe it's 20% of employment.

According to the BLS, there are only 140.1K loan brokers in the entire U.S. Maybe they meant 20% of new employment over the last few years.



To: Bonefish who wrote (74560)3/23/2007 11:19:48 PM
From: CalculatedRiskRead Replies (1) | Respond to of 306849
 
More on O.C. jobs:

"Coming into 2006, real estate and finance work represented nearly half of the 30,000-a year job gains produced by Orange County bosses in the previous three years."
blogs.ocregister.com

My guess is CNBC meant to say that 20% of the jobs created over the last 3 years in O.C. were mortgage related. That makes more sense.


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