Quote:
Originally Posted by milt
Unemployment in Long Beach is hitting 11%. I try not to drive down any residential streets in mid town. Nothing but guys standing around smoking a drinking on every block. I read somewhere that the OC was worse off.
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Very possible. Many mortgage and home sale related businesses were based in OC. Higher unemployment, but not the kind that stand on corners..
Funny thing is back in the early 90's, the malls were empty.
During this recession, you go to South Coast plaza or Mission Viejo Mall, and they are packed. Everything is on sale, but still people are buying... Very odd...
