The Coming Migration
Sep 8th, 2008 by bill
Although no one is talking about it I think it is likely that Southern California and Florida will suffer both an extended economic downturn and a population loss. This is a natural outcome of the housing industry going on hold for a couple of years as they try to sell a large inventory of houses to a smaller group of qualified buyers. The market is saying it will support a smaller group of construction workers, real estate brokers, etc. For some people it will be the time to move on. I was in Houston during the Savings and Loan meltdown in the 1980’s and despite a great effort by the local administrators people had to move elsewhere to get a steady job.
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- Bridges, Healthcare, and the War: The Coming Storm
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- Where is the Taxable Income going to come from?
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