I was amazed when i attended this informational Summit on the Coachella Valley in Indian Wells, Ca. One of the comments that truely struck me was, If you do not have equity in your home, you are not considered a homeowner. After thinking about that comment I had to saw, it made sense even though I didnt want to hear it.
The key to a recovering housing market is more jobs. But where do these jobs come from and where does the money come to invest in new companies if the people are not buying? It saddens me to call a major phone company and be told I am talking to someone in India, yet we have millions of people here out of work. Is this down economy our fault? Did we cause this by allowing all of our jobs to be farmed out to every other country but America? How do we recover from this?
The article below was taken from The Desert Sun. Interesting data on the Coachella Valley.
"When will there be true recovery in the Coachella Valley?
Inland Empire economist John Husing says it will be sometime in 2012, and that's if everything's done right.
" Now is the time to build a solid foundation for future prosperity, and that depends on virtually everyone in this room," he told hundreds gathered at the Renaissance Esmeralda Resort & Spa in Indian Wells today for the 2009 Coachella Valley Economic Summit in Indian Wells
Housing issued the Coachella Valley a set of barely-passing grades on how it is performing in this economy in these categories:
Housing: D-minus, up from the "stone-cold" F
Employment and payroll: D-plus, down from C-minus
Assessed valuation: C-minus, down from a B
Crime: Holding at C-minus
Retail spending: C-minus, down from a solid C
Education: B-plus for Desert Sand Unified School District, and a D-plus for all other districts.
Husing's report is one of many that will come throughout the summit. Investors in the action plan will be announced later in the day.
For openers, Wesley Ahlgren, director of operations for the Coachella Valley Economic Partnership, summed up the reason everyone had gathered here.
"It's jobs, jobs, jobs."
LORI BOWERS
http://www.desertareahousingmarket.com
The Lori Bowers Group
A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs
La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.
78065 Main St., Suite 107
Old Town La Quinta
La Quinta, CA 92253
Phone: (760)777-8788 • Fax: (760)771-5355
