Recovery - Not yet!

[CarlV]

Originally Posted by djv8ga

10 years for the housing market out west.

Depends on where, I can't tell you about the south part of Ca. and it really is 2 states merged @ the s*hithole aka: Bakersfield.
Up north here, San Francisco and Berkeley hardly tanked at all and have increased along with some of silicon valley and so the closer you are the better off you are. But the central valley where they threw the most subprime loan money around is sure a different story. Down south over the grapevine probably is the same I would imagine.

[djv8ga]

Originally Posted by CarlV

Depends on where, I can't tell you about the south part of Ca. and it really is 2 states merged @ the s*hithole aka: Bakersfield.
Up north here, San Francisco and Berkeley hardly tanked at all and have increased along with some of silicon valley and so the closer you are the better off you are. But the central valley where they threw the most subprime loan money around is sure a different story. Down south over the grapevine probably is the same I would imagine.

AZ is in big trouble. The construction industry has paid the bills and employed a huge % of the population. Without it, the foreclosures will continue at a record pace. I really can't see a way out of this mess.

[whell]

Originally Posted by djv8ga

I really can't see a way out of this mess.

And it is an "utter mess":

http://www.ft.com/cms/s/0/c27463a0-1...#axzz1APp1FMVV