Jobless rate falls to 7.8 %

[Wasillaguy]

With that big of a drop, I'd think we'd also see the number on food stamps coming down.

[bobabode]

Originally Posted by Wasillaguy

With that big of a drop, I'd think we'd also see the number on food stamps coming down.

No doubt they will.

[piece-itpete]

It'll become the 46%

It's very good news for us, and good news for Obie, I hope it's, um, straightforward. At this point I'd be leery of anything like this from both sides though.

It has felt like things are getting better.

Pete

[bobabode]

Originally Posted by piece-itpete

It'll become the 46%

It's very good news for us, and good news for Obie, I hope it's, um, straightforward. At this point I'd be leery of anything like this from both sides though.

It has felt like things are getting better.

Pete

I agree. Nothing scientific but the commercial real estate seems to be filling up once again around here. It was friggin' depressing to see all of the empty retail and office space looking like a gapped tooth grin in my neck of the woods.

Of course out here in lalaland those trees are mostly palms and jacarandas.

[Boreas]

Originally Posted by bobabode

I agree. Nothing scientific but the commercial real estate seems to be filling up once again around here. It was friggin' depressing to see all of the empty retail and office space looking like a gapped tooth grin in my neck of the woods.

Of course out here in lalaland those trees are mostly palms and jacarandas.

Building more here. That can't be a bad sign.

John

[piece-itpete]

Here better housing appears to be picking up but us normal shlubs are still stuck and I wonder if innercity values will ever recover. I won't believe it's over until they start the last phase in the development of the McMansions behind me. They put the road in just before the crash.

Pete

[Boreas]

Originally Posted by piece-itpete

Here better housing appears to be picking up but us normal shlubs are still stuck and I wonder if innercity values will ever recover. I won't believe it's over until they start the last phase in the development of the McMansions behind me. They put the road in just before the crash.

Pete

What caused our inner cities to thrive was plenty of good manufacturing jobs. Unless we rebuild our industrial base we don't have a prayer of revitalizing our cities.

John

[piece-itpete]

It may be different elsewhere but during the 1990s-2000s housing prices in Cleveland rocketed, even the hood (which honestly is most of Cleveland proper now). We had already lost mucho manufacturing. I'm sure it was a bubble indeed but doubt we'll see 50% of those values in years.

Pete

[Boreas]

Originally Posted by piece-itpete

It may be different elsewhere but during the 1990s-2000s housing prices in Cleveland rocketed, even the hood (which honestly is most of Cleveland proper now). We had already lost mucho manufacturing. I'm sure it was a bubble indeed but doubt we'll see 50% of those values in years.

Pete

That was when the "dot commers" were gentrifying certain of the older and more interesting parts of cities. The dot com bubble bursting put an end to that and, in any case, you can't fill a whole city that way.

John

[piece-itpete]

Brother, not here in Cleveland. There are small areas gentrified but very very little even today. You guys in the fancy cities, that's different

Some of the working poor benifited, the few that bought their homes, but it was mostly the landlords & flippers that made the cash, my take. Although some flippers got burned too.

Pete