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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: John Vosilla who wrote (102913)10/7/2011 7:37:48 PM
From: tejek  Read Replies (1) | Respond to of 149317
 
Momentum slowly built in 1993 but did not really accelerate at all till 1997 when large land parcels started
to finally develop. By this time credit conditions loosened, much of the overhang had been absorbed and occupied and we had been creating 200k+ jobs a month for many years.. I compared the challenges Obama faces to the 1994 midterm elections


Back then LA was about 3 years behind the rest of the country. Things started to perk up in 1996......like you all did in 1993.........but real momentum didn't happen until 1998.

I think now the country will show real progress next year........but not uniformly. Pittsburgh, TX , DC, OKC ND, and few other places are doing okay now. I think more metros will join next year........Seattle, Portland, MPLS, Boston, NYC, Nashville, KC, Denver, etc.

The key is CA. N. CA is starting to pump and create new jumps but S. CA.....LA and the OC......are serious laggards. Construction projects are going into the ground but job creation just isn't there. The OC and SD are surprising. Those are usually the first southern CA counties to make the turn.......and they usually do it early in the recovery........not happening this time.

I think FLA should start to perk up next year too; but I see NV and AZ languishing for a while longer.

What say you?