Quote:
Originally Posted by Porsche-O-Phile
Yes, and frankly housing is still insanely overpriced in most of this area too. It still has another 10-15% to drop based on the projections I've seen that correlate price with affordibility indices (<28% of gross household income), comparable rental prices and historical relationship to inflation.
Of course by the time we hit bottom, unemployment will be around 20-25% in SoCal so I guess it doesn't matter too much anyway...
|
That's the number that the article gives for construction unemployment. So bottom may be very close.
C'mon Jeff
you're just a SoCal hater
__________________
Peter
'79 930, Odyssey kid carrier, Prius sacrificial lamb
Missing
997.1 GT3 RS
nil carborundum illegitimi