Randolph Kinney
Elite Member
- Joined
- Apr 7, 2005
- Professional Status
- Retired Appraiser
- State
- North Carolina
Good news and bad news for California
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/22/MNVL1L7QKT.DTL
The Bad News: California's median household income plunged 6 percent to $57,708 between 2006, before the recession and housing implosion hit, and last year, according to the Census Bureau. Throughout the United States, the income figure fell 4.4 percent.
The Good News: None of the core Bay Area counties did as badly as the rest of California. In fact, household income actually rose 1.5 percent in San Francisco and 4.6 percent in Contra Costa County.
The poverty rate, revealed by the census last week to be 15.8 percent in California, hasn't hit that rate yet in the core Bay Area counties. Given that 75% of the population of the state lives in southern California, it's time to give that part of the state back to Mexico.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/22/MNVL1L7QKT.DTL
The Bad News: California's median household income plunged 6 percent to $57,708 between 2006, before the recession and housing implosion hit, and last year, according to the Census Bureau. Throughout the United States, the income figure fell 4.4 percent.
The Good News: None of the core Bay Area counties did as badly as the rest of California. In fact, household income actually rose 1.5 percent in San Francisco and 4.6 percent in Contra Costa County.
The poverty rate, revealed by the census last week to be 15.8 percent in California, hasn't hit that rate yet in the core Bay Area counties. Given that 75% of the population of the state lives in southern California, it's time to give that part of the state back to Mexico.