Comments on: Real Homes of Genius: Today we Salute you Brea. A Home that Shows Each Phase of the California Housing Bubble.

By: cariqunyil

cariqunyil — Thu, 03 Jul 2008 02:47:50 +0000

Dutchtrader, I’m from that area as well, and am a graduate of Sonora High School.

One thing Dr. H-B didn’t mention was that the local economy has traditionally had very few oil related jobs. Most people who live there are commuters, and the mall mostly has lower end service jobs. Quite a few Breans are in the Real Estate industry as well.

The tax base was always good because of the Mall, but you can expect that revenue to drop off for awhile, so there isn’t much left to rescue the local economy. That will lead to more people moving away or being underemployed.

Brea always had a lot of new money and big attitudes, so it will be nice to see some humility return to the area. In fact, it would be nice to see it happen for all of Southern California.

By: allan

allan — Thu, 03 Jul 2008 02:08:34 +0000

Gold. The final frontier. To boldly go where no man has gone (since 1981). Look for house prices and rents back to 1997? levels. Expect short term hardcore inflation to drive the US economy into deep recession, followed by an equally painful and longer lasting deflation. What did you expect from Wal-mart jobs, anyway.

By: dutchtrader

dutchtrader — Wed, 02 Jul 2008 20:16:21 +0000

Alright!

My home town.