California unemployment to 10.1%

[zerocool84]

I live in LA area and I'm seriously applying at Mcjobs now as it's hard for me to find a job in the housing industry I was in. Hopefully I can get one full time one if not I'll have to work a couple part time ones.

 

[Zebo]

California is in big trouble - major deadbeats, major companies closing, and wait till they let 60,000 "non violent" felons out. Watch California, it's the scion for America.

 

[quest55720]

Originally posted by: sandorski
Within 12-18 months you can replace "California" with "US" most likely.

Well Duh the president is fast tracking all the policies that got California into its current mess. Obama is taking those San Fransisco liberal ideas and implementing them country wide. Those same ideas have failed in California and will fail the rest of the country very soon.

 

[First]

^ The only reason most states outside of the West and East coasts exist is because of CA welfare.

 

[Red Dawn]

Originally posted by: quest55720

Originally posted by: sandorski
Within 12-18 months you can replace "California" with "US" most likely.

Well Duh the president is fast tracking all the policies that got California into its current mess. Obama is taking those San Fransisco liberal ideas and implementing them country wide. Those same ideas have failed in California and will fail the rest of the country very soon.

Like the ideas of Texas Conservatives did us well:roll:

 

[jagec]

That's because :music:California knows how to party.:music:

On a more serious note...think what you will about Cali, this has fairly serious consequences for all of us, given that Cali pays the highest amount of federal taxes and as such subsidizes federal services for most of the rest of us.

 

[StageLeft]

So much for progressive urban development, but nonetheless it will be nice to see some decay again in the cities, it is the cycle of life itself.
Maybe next upswing the so called Democrats will think first before gutting our cities out for short term gain.

Nice expensive yuppie live work lofts get abandoned by idiots who could never afford them, crackheads move in and squat them sooner or later they get burnt down, hopefully something better takes its place. This is the inevitable final end of the dot com boom and the cycle of the city.

This cycle you speak of is pretty fvcking slow. Many major US cities are still in it and have been slumming it for decades.

BTW comment above is right--the cities already being hit hardest are those that were most cash-drunk in housing.

The nation will be behind the curve on CA, at least it has been and no reason to think this will not continue. CA will get worse and so will the rest of the nation, but as a whole unemployment will likely be nationally lower than CA.

CA has beautiful weather and a lot of things offered geographically by that state, but I cannot imagine ever living there without already having the money to not need to work. It is crowded and obscenely expensive. If I was stinking rich, though, yep I'd move there.

 

[Red Dawn]

Originally posted by: Skoorb

So much for progressive urban development, but nonetheless it will be nice to see some decay again in the cities, it is the cycle of life itself.
Maybe next upswing the so called Democrats will think first before gutting our cities out for short term gain.

Nice expensive yuppie live work lofts get abandoned by idiots who could never afford them, crackheads move in and squat them sooner or later they get burnt down, hopefully something better takes its place. This is the inevitable final end of the dot com boom and the cycle of the city.

This cycle you speak of is pretty fvcking slow. Many major US cities are still in it and have been slumming it for decades.

BTW comment above is right--the cities already being hit hardest are those that were most cash-drunk in housing.

The nation will be behind the curve on CA, at least it has been and no reason to think this will not continue. CA will get worse and so will the rest of the nation, but as a whole unemployment will likely be nationally lower than CA.

CA has beautiful weather and a lot of things offered geographically by that state, but I cannot imagine ever living there without already having the money to not need to work. It is crowded and obscenely expensive. If I was stinking rich, though, yep I'd move there.

It's a correction long overdue it CA. This will result in cheaper housing and less overcrowding (or at least slow it down drastically) and in 10 years CA might start to resemble the way it was before the Tech Boom which started the decline of the quality of life there....or not.

 

[charrison]

Originally posted by: Red Dawn

Originally posted by: quest55720

Originally posted by: sandorski
Within 12-18 months you can replace "California" with "US" most likely.

Well Duh the president is fast tracking all the policies that got California into its current mess. Obama is taking those San Fransisco liberal ideas and implementing them country wide. Those same ideas have failed in California and will fail the rest of the country very soon.

Like the ideas of Texas Conservatives did us well:roll:

Well Unemployment in Texas is still 5.6%, not the lowest in the country, but still not bad.

 

[KK]

good, they deserve it.

 

[bamx2]

Real unemployment (not just those on on enemployment ) using the G6 statistic is about 2X greater meaning actual unemployment in CA is close to 20% .

 

[Ryan711]

Originally posted by: Red Dawn

Originally posted by: quest55720

Originally posted by: sandorski
Within 12-18 months you can replace "California" with "US" most likely.

Well Duh the president is fast tracking all the policies that got California into its current mess. Obama is taking those San Fransisco liberal ideas and implementing them country wide. Those same ideas have failed in California and will fail the rest of the country very soon.

Like the ideas of Texas Conservatives did us well:roll:

Been to Texas lately? It's doing pretty damned well all things considered. In fact, I'd say the majority of people have not been affected where I live. Kind of funny isn't it? Well, I guess not if you live in California.

 

[Socio]

I don't see this getting better even in 12 months I think the worlds eight largest economy is about to collapse. This time the balance of the haves to support the have nots via taxation is far too off kilter and will only get worse.

We are looking at the first domino to fall and it is a hell of a big domino, when it does California will be Mexico 2.0

The real question should be whether the rest of the country should put an emphasis on trying to help California or on preventing California?s cancer from spreading to the rest of the nation?

 

[charrison]

Originally posted by: Socio
I don't see this getting better even in 12 months I think the worlds eight largest economy is about to collapse. This time the balance of the haves to support the have nots via taxation is far too off kilter and will only get worse.

We are looking at the first domino to fall and it is a hell of a big domino, when it does California will be Mexico 2.0

The real question should be whether the rest of the country should put an emphasis on trying to help California or on preventing California?s cancer from spreading to the rest of the nation?

We have hit bottom, I dont think it is going to get much worse. Even the real estate market is turning around in California. Home prices maybe way down there, but sales are way.

 

[theeedude]

What's unemployment rate in low tax Nevada?

 

[Jaskalas]

Originally posted by: Socio
The real question should be whether the rest of the country should put an emphasis on trying to help California or on preventing California?s cancer from spreading to the rest of the nation?

That "cancer" is government spending, and the election in 2008 already spread it. Now we too will go bankrupt together along with California.

 

[Slew Foot]

Originally posted by: charrison

Originally posted by: Socio
I don't see this getting better even in 12 months I think the worlds eight largest economy is about to collapse. This time the balance of the haves to support the have nots via taxation is far too off kilter and will only get worse.

We are looking at the first domino to fall and it is a hell of a big domino, when it does California will be Mexico 2.0

The real question should be whether the rest of the country should put an emphasis on trying to help California or on preventing California?s cancer from spreading to the rest of the nation?

We have hit bottom, I dont think it is going to get much worse. Even the real estate market is turning around in California. Home prices maybe way down there, but sales are way.

Sales are up from historic lows only because of investors scooping up foreclosures. ANything thats not a dirt cheap low end foreclosure sits and rots on the market for the most part. The upper end still has a long way to go.

 

[theeedude]

Originally posted by: Jaskalas

Originally posted by: Socio
The real question should be whether the rest of the country should put an emphasis on trying to help California or on preventing California?s cancer from spreading to the rest of the nation?

That "cancer" is government spending, and the election in 2008 already spread it. Now we too will go bankrupt together along with California.

You mean election in 2000?

 

[charrison]

Originally posted by: Slew Foot

Originally posted by: charrison

Originally posted by: Socio
I don't see this getting better even in 12 months I think the worlds eight largest economy is about to collapse. This time the balance of the haves to support the have nots via taxation is far too off kilter and will only get worse.

We are looking at the first domino to fall and it is a hell of a big domino, when it does California will be Mexico 2.0

The real question should be whether the rest of the country should put an emphasis on trying to help California or on preventing California?s cancer from spreading to the rest of the nation?

We have hit bottom, I dont think it is going to get much worse. Even the real estate market is turning around in California. Home prices maybe way down there, but sales are way.

Sales are up from historic lows only because of investors scooping up foreclosures. ANything thats not a dirt cheap low end foreclosure sits and rots on the market for the most part. The upper end still has a long way to go.

My point was, house prices have found a bottom, even if it is investors buying them. The air has been let out of the bubble and house prices have corrected. Sucks for those that purchased at the top, but this is a necessary but painful step on the way to economic recovery.

 

[theeedude]

Originally posted by: charrison

Originally posted by: Slew Foot

Originally posted by: charrison

Originally posted by: Socio
I don't see this getting better even in 12 months I think the worlds eight largest economy is about to collapse. This time the balance of the haves to support the have nots via taxation is far too off kilter and will only get worse.

We are looking at the first domino to fall and it is a hell of a big domino, when it does California will be Mexico 2.0

The real question should be whether the rest of the country should put an emphasis on trying to help California or on preventing California?s cancer from spreading to the rest of the nation?

We have hit bottom, I dont think it is going to get much worse. Even the real estate market is turning around in California. Home prices maybe way down there, but sales are way.

Sales are up from historic lows only because of investors scooping up foreclosures. ANything thats not a dirt cheap low end foreclosure sits and rots on the market for the most part. The upper end still has a long way to go.

My point was, house prices have found a bottom, even if it is investors buying them. The air has been let out of the bubble and house prices have corrected. Sucks for those that purchased at the top, but this is a necessary but painful step on the way to economic recovery.

Just because investors are buying something, doesn't mean it found a bottom. Just means they are betting it found a bottom but they were betting that a lot of things have bottomed out before they fell even more.

 

[charrison]

Originally posted by: senseamp

Originally posted by: charrison

Originally posted by: Slew Foot

Originally posted by: charrison

Originally posted by: Socio
I don't see this getting better even in 12 months I think the worlds eight largest economy is about to collapse. This time the balance of the haves to support the have nots via taxation is far too off kilter and will only get worse.

We are looking at the first domino to fall and it is a hell of a big domino, when it does California will be Mexico 2.0

The real question should be whether the rest of the country should put an emphasis on trying to help California or on preventing California?s cancer from spreading to the rest of the nation?

We have hit bottom, I dont think it is going to get much worse. Even the real estate market is turning around in California. Home prices maybe way down there, but sales are way.

Sales are up from historic lows only because of investors scooping up foreclosures. ANything thats not a dirt cheap low end foreclosure sits and rots on the market for the most part. The upper end still has a long way to go.

My point was, house prices have found a bottom, even if it is investors buying them. The air has been let out of the bubble and house prices have corrected. Sucks for those that purchased at the top, but this is a necessary but painful step on the way to economic recovery.

Just because investors are buying something, doesn't mean it found a bottom. Just means they are betting it found a bottom but they were betting that a lot of things have bottomed out before they fell even more.

Well now that prices are dropped 50%, there are plenty of buyers in california and this is a good thing.

 

[daniel49]

Originally posted by: TheRedUnderURBed

Originally posted by: glenn1

Originally posted by: TheRedUnderURBed

Originally posted by: glenn1
they're the only ones left now that all the manufacturing jobs have left Detroit.

I never said this, these cities around the manufacturing jobs up north have been depopulated by the working class mainly.
Edit: I have nothing against the rich per se, nothing more then you have against the poor.

Well then, what is your ideal place then?

Dunno, maybe they can all pile into abandoned Ikea warehouses, set up some latte machines and bingo! :laugh:

I am not taking the time to research stuff for you guys who do nothing but make one-liners to try and annoy me and waste time.

 

[EXman]

Originally posted by: Zebo
California is in big trouble - major deadbeats, major companies closing, and wait till they let 60,000 "non violent" felons out. Watch California, it's the scion for America.

It is known as a non-friendly state for business. Plus all the other problems you have I do not know why more businesses move.

 

[StageLeft]

Originally posted by: charrison

Originally posted by: Socio
I don't see this getting better even in 12 months I think the worlds eight largest economy is about to collapse. This time the balance of the haves to support the have nots via taxation is far too off kilter and will only get worse.

We are looking at the first domino to fall and it is a hell of a big domino, when it does California will be Mexico 2.0

The real question should be whether the rest of the country should put an emphasis on trying to help California or on preventing California?s cancer from spreading to the rest of the nation?

We have hit bottom, I dont think it is going to get much worse. Even the real estate market is turning around in California. Home prices maybe way down there, but sales are way.

LOL, your optimism is refreshing, but absolutely ungrounded in reality, I'm afraid. The real estate market is continuing to plunge in almost all parts of the nation and of course that will be exagerated as more people suffer additional layoffs from this, the worst recession in decades.

 

[Slew Foot]

Originally posted by: charrison

Originally posted by: senseamp

Originally posted by: charrison

Originally posted by: Slew Foot

Originally posted by: charrison

Originally posted by: Socio
I don't see this getting better even in 12 months I think the worlds eight largest economy is about to collapse. This time the balance of the haves to support the have nots via taxation is far too off kilter and will only get worse.

We are looking at the first domino to fall and it is a hell of a big domino, when it does California will be Mexico 2.0

The real question should be whether the rest of the country should put an emphasis on trying to help California or on preventing California?s cancer from spreading to the rest of the nation?

We have hit bottom, I dont think it is going to get much worse. Even the real estate market is turning around in California. Home prices maybe way down there, but sales are way.

Sales are up from historic lows only because of investors scooping up foreclosures. ANything thats not a dirt cheap low end foreclosure sits and rots on the market for the most part. The upper end still has a long way to go.

My point was, house prices have found a bottom, even if it is investors buying them. The air has been let out of the bubble and house prices have corrected. Sucks for those that purchased at the top, but this is a necessary but painful step on the way to economic recovery.

Just because investors are buying something, doesn't mean it found a bottom. Just means they are betting it found a bottom but they were betting that a lot of things have bottomed out before they fell even more.

Well now that prices are dropped 50%, there are plenty of buyers in california and this is a good thing.

There were plenty of buyers in 2005 too, oops.

Buying is one thing, being able to keep it is another.