How many people do you personally know out of work.

[ultrarunner]

It sounds good until the housing market took a dive in the overpriced California, shortly most areas fell also. This was before the housing crash. Myrtle Creek, OR., (4,500) Pop. did not have a residential building permit issued for five years.

Real Estate has always been cyclical...

I look at it that those that cashed out got one over on the Californians they sold too...

As you said... it was the buyers driving prices.

Two Docs I work with bought farms in Oregon... one has lots of river frontage and orchards... they were looking to move there for retirement... he was originally from Portland... the other Doc is from Massachusetts... both are California interlopers...

Many come to California to get a stake and then bail...

California real estate really did heat up... I bought a home in 1990 for 100k... ten years later the same homes were selling for 150k... in 2007 the same homes were being sold for 500k... now they are back to around 150k.

Not one of those that bought at 500k are still around... they all walked away.

I rented my home long ago... still have it. My rent in 2000 was $1500 and in 2012 it is still $1500... rented to the same family... here's the kicker... they moved in 2005 and bought the same home two blocks away... their monthly expense was now $3,900... when they walked they called to see if I had anything and I said their old house was available and that is where they are today...

I'm seeing lots of folks getting laid off right now... medical was kind of protected for a long time... not so right now...

 

[two_bit_score]

I believe most unemployment insurance programs are funded by the employer.

They are, you're right. The employer pays a tax on his employees and 'experience record'. So the more that draw who have worked for him the higher his tax goes. It's part of the overall overhead of an employer.


The employee doesn't 'pay into it'.



.

 

[rsewill]

They are, you're right. The employer pays a tax on his employees and 'experience record'. So the more that draw who have worked for him the higher his tax goes. It's part of the overall overhead of an employer.

The employee doesn't 'pay into it'.

.

Correct. The employer pays for this insurance. Just as some pay the largest portion of health insurance for the employee and, often, the employee's family. The employer also pays Medicare and Social Security taxes that most employees won't even access while they are working for the employer. So what?

 

[bearcreek paul]

54 as of last week 19 from my department.

 

[mjarrels]

None, Son had his hours cut in half, Daughter just landed a great job at the new local hospital in nursing. At 19, she is making the best money ever. The sky is the limit.

mark

 

[ultrarunner]

None, Son had his hours cut in half, Daughter just landed a great job at the new local hospital in nursing. At 19, she is making the best money ever. The sky is the limit.

mark

Nursing has been and will be a solid career... can't offshore and not everyone has the skills required to do the job.

That said... the market has hit a definite bump in the road here in California... surgery is way down... folks that don't have insurance or now have high co-pays/deductibles put things off.

Our surgery department did about 500 cases a month for years... down to about 320 now...

Qualified RN's are sending resumes all the time unsolicited... unheard of before...

I believe Nursing is a great career for the long run... nothing beats experience and acumen... it is also a field with many career paths...

 

[Superduper]

I know many. I myself am underemployed.

I think you may find that in urban or industrialized areas, unemployment might be higher than in rural america.

 

[BroBro]

Again I say :

"Those that work are out numbered by those that VOTE" !!!!!

If they keep extending the unemployment no one will be working.

Why work when the lazy SOB's can set at home and draw a check and welfare, food stamp's, free cell phone, and free internet service.

Gotta stop I feel a temper trantrum coming on !!!##$$%%^&*(&^%$@!