Housing Market Sux!
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10/4/2005
At this rate, Los Angeles and all of California is going to become the modern 3rd world state.
Housing is too damn expensive here! People buy luxury items they can't afford. The job market is too dependent on the housing industry. Incomes are not going up. I predict in a few years there will be MANY foreclosures and bankruptcies.
And if the schools weren't poorly performing already, they will suffer even worse soon. Also this state borrows money every year because the politicians (tax-happy dems and the minority repub budget terrorists) won't make the tough, but necessary decisions.
But other than that, Los Angeles is a nice place....to visit. Just feedback from a native Californian waiting to move out....for GOOD!
Isaac | Los Angeles, CA