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Inflation has not hit us yet. I have also heard from many experts that a major problem with commercial real estate is on the horizon. I warned of the housing crash back in 02, and people called me crazy. IMHO we have not turned the corner yet.
I tend to agree. I just saw that Gottschalks, which went bankrupt about a year ago and closed all of their stores here are now going to open three new ones. But prices are going up very fast and for every store hiring or opening, there are some laying off and the foreclosures are still happening at a faster rate than they like to admit. Housing sales weer up quite a bit last month but it was houses that had been foreclosed on and the banks are just trying to get what they can salvage out of them. This area doesn't have much industry at all and right now from all I can see it is pretty stagnate. No matter how they twist the math, it really hasn't improved much and has lost a little in several areas.
Ron
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