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

To: Jim McMannis who wrote (117981)	4/23/2008 11:02:04 AM
From: neolib	Read Replies (2) \| Respond to of 306849

Anecdotal evidence, but a friend of mine works in a South Bay civil engineering firm which was primarily residential (they did work all over the Bay Area, and down to Monterey/Carmel) has seen their gross revenue collapse to 1/3 of what it was 2 years ago, and they are trying to survive this year on commercial, but see further contraction in 2008. Many employees have seen the axe. I contrast that info with the many reports here on this board that the Bay Area is just fine.