Moot
DP Veteran
- Joined
- Oct 11, 2006
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- Utah
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California is also has some of the most conservative counties in the country. Only LA metro and San Fransico are really liberal. I think California is having the most economic trouble because that is where the subprime mortgage fiasco started and escalated from there. Almost everybody was buying houses, mostly in the worst areas, with interest only loans so they could flip them. There were even TV shows showing people how to do it. Our mail boxes were stuffed daily with flyers offering ARM and "interest only" aka "preditor loans. When the bubble burst many were caught with those loans and houses they couldn't flip to sell. Plain and simple, the people got greedy, so it is not surprising that California is suffering the brunt of the recession now.I actually had two calls from headhunters in SoCal a few weeks ago. (and one from Florida, I'm not sure where the fourth was from).
I don't doubt there's a high unemployment rate, California is the most liberal state in the country so it only stands to reason that it would be in the most economic trouble. The job hunting issues really just depend on what industry you're in.