Where I live in Northern California, there are several new home developments going up, and just as many homes on foreclosure listings,to me it doesn’t make sense to keep building homes, that people obviously can’t afford.
They are really only completeing existing projects (in the pipeline for a while, with some already sold) I also live in Norcal, and I know a LOT of construction workers w/o jobs! On one hand, it doesn’t make sense to keep building, but these guys are running out of jobs!
January 27th, 2010 at 4:38 am
They are really only completeing existing projects (in the pipeline for a while, with some already sold) I also live in Norcal, and I know a LOT of construction workers w/o jobs! On one hand, it doesn’t make sense to keep building, but these guys are running out of jobs!
References :
January 27th, 2010 at 4:52 am
They have work crews that they have worked 15 years to assemble. If they lay them off, they will never get them back to work when things get good. And hope springs eternal. The boom could return tomorrow. Stranger things have happened.
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