http://www.edd.ca.gov/default.htm This is getting worse. There is girl at work, her mom just lost her job with the same company after 23 years with a minor severance package. I am hoping that things start to turn around, but I believe that it won't be until 2010. There are investors now spending millions here in my area, and the Temecula area buying up homes that could not sell on the market. The homes are selling 75% below there owed amount on them. There are investors buying for example 4-500,000.00 dollar homes for 139,000 each. They are turning around and selling them for 239,000 or so. They are buying them in big lots. The banks don't even care what they sell at, just want them sold. I just hope they tried to work with the existing owners before they did this. This was in the last day or so in the North County Times.
