2009 in High Point
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7/12/2009
High Point has suffered the pains of being primarily a two industry city; Textiles and Furniture. The textile industry has moved to India, Viet Nam and other Far East locals. The furniture business has moved to China, a furniture company executive has told me it is less expensive for him to purchase his wood in the US ship it to China, make the case goods in China and return it to the US to do the finishing work. Unemployment is a approaching 10% and jobs are in short supply, housing is a buyers market. The prices have not dropped as drastically as other areas in the country because they did not experience the run up of the early 2000's.
Golfer | High Point, NC