Locked Out 2008: The Housing Boom and Beyond

http://www.cbp.org/pdfs/2008/080212_LockedoutReport.pdf
California Budget Project
The CBP was founded in 1994 to provide Californians with
a source of timely, objective, and accessible expertise on
state fiscal and economic policy issues. The CBP engages in
independent fi scal and policy analysis and public education
with the goal of improving public policies affecting the
economic and social well-being of low- and middle-income
Californians.

This is a 55 page report on what the heck is happening in California when it comes to housing for the majority of Californians.

As I sell homes for people in this demographic I'm all too aware of the concerns of my clients at this time.

I'm a realtor who has served the needs of home buyers and sellers in the middle and working class neighborhoods of San Francisco for over 20 years and have made so many friends from the clients I've met and enjoyed helping so many people working in these neighborhoods.

Now, as a result of this down turn in the housing market in these areas, it makes me wonder about the economic and social well-being of upper income Californians.

Can I ask you a question? What do you think...should I abandon working in the Sunset, Excelsior and Daly City and concentrate my efforts on Pacific Heights?

I don't think I will. But the Who's great, GREAT song does come to mind when I think about the middle and lower middle class in the state of California...."WE DON'T GET FOOLED AGAIN!"