5 American Cities Nearly Destroyed by the Recession

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January 27th, 2012 at 8:03:40 AM permalink
AcesAndEights Member since: Jan 5, 2012 Threads: 11 Posts: 587	Quote: Wizard It would be like nobody wanting to implode an old eyesore on the Strip and Flamingo to build something decent. Hey I like the Flamingo! /me grumbles "Life's a bitch and then you die. Or seven out." -AlanMendelson

January 27th, 2012 at 8:39:44 AM permalink

Wizard

Administrator
Member since: Oct 14, 2009
Threads: 313
Posts: 6783

Quote: pacomartin
The 5th area on the report is Santa Barbara-Santa Maria-Goleta, CA

You've got to be kidding me. Your average house there is still about $300 square/foot. Compare that to about $60 in Vegas. When I lived there in the eighties there was a severe labor shortage, because the cost of housing was so high. I worked in a janitorial business and we were happy to hire anybody with a heartbeat. In my annual visits there in the summer things seems just fine. If anything, Santa Barbara needed some deflating.

I also object to lumping Santa Maria in with Santa Barbara. They are about 60 miles apart and nothing alike. It would be like lumping Bakersfield with Beverly Hills.

It's not whether you win or lose; it's whether or not you had a good bet.

January 27th, 2012 at 9:08:49 AM permalink
pacomartin Member since: Jan 14, 2010 Threads: 547 Posts: 6210	Quote: Wizard You've got to be kidding me. I know. If I had to pick the five communities that were completely destroyed by the recession, I wouldn't think Santa Barbara would make the top 200. Wine loved I deeply, dice dearly -Edgar, betrayed son of Gloucester in King Lear

January 27th, 2012 at 11:07:56 AM permalink

odiousgambit

Member since: Nov 9, 2009
Threads: 174
Posts: 2414

I think "nearly destroyed" should not be in the title. Whoever wrote that might not be the author of the article, that happens with newspapers you know. The cities fit the bill of the parameters being examined, which are a combination of jobs lost / jobs recovered. I'm sure living in Santa Barbara is still swell, as long as you aren't needing a construction job.

"Baccarat is a game whereby the croupier gathers in money with a flexible sculling oar, then rakes it home. If I could have borrowed his oar I would have stayed." Mark Twain

January 27th, 2012 at 12:53:15 PM permalink
Wizard Administrator Member since: Oct 14, 2009 Threads: 313 Posts: 6783	Quote: odiousgambit Whoever wrote that might not be the author of the article, that happens with newspapers you know. You're probably right. I've written a lot of articles for magazines and other web sites and they always use their own titles, usually something more sensational than I would have chosen. It's not whether you win or lose; it's whether or not you had a good bet.

January 27th, 2012 at 1:09:12 PM permalink

EvenBob

Member since: Jul 18, 2010
Threads: 231
Posts: 6404

Quote: pacomartin
I know. If I had to pick the five communities that were completely destroyed by the recession, I wouldn't think Santa Barbara would make the top 200.

I know people that live in SB and their property
value was barely effected. Its a service oriented
city, jobs lost were in the service industry, not
construction or manufactoring.

One casino owner to another: "It would be so much easier if we could just hit them over the head, steal their money, and throw their bodies in the creek." Al Swearengen, Deadwood

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