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SAN FRANCISCO (Dow Jones)--Apple Inc. (AAPL) plans to build a $304 million campus in Austin, Texas, doubling its presence there over the next decade.
The Cupertino, Calif., company said it will add 3,600 jobs in the next 10 years to its existing work force of 3,500 employees there. Apple said the move is part of a rapid expansion from 1,000 employees in 2004.
If we only had in the SFBA home prices same or somewhat close to Texas home prices, and a favorable business enviroment, oh the jobs we could grow in the Bay Area. Just think about it...heck even cheap homes in Modesto sounds good about now...
Anyone want to discuss "Fortress" prices, the weather, the eco system, which will feed home prices and keep your jobs here.... keep praying!
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Little have been said about the improving job situation.
The commerce department reported about 243K new jobs created in January 2012, notwithstanding government layoffs. Furthermnore, unemployment claims appears to be at the lowest level since the great recession.
These indicators are the most positive they have been for at least 4+ years. (Note that I am not saying the job situation is good, but it is obvious things are developing for the better) It appears the econoomy is turning the corner and finally lead by jobs and ultimately consumer confidence which will surely lead to housing price turnaround.
The next follow-up leading indicator will be consumer confidence which I predict will be up.
Last year around this time, gasoline price, Japan earthquake and Greece pretty much killed the positive momentum. Am really hoping that gas doesn't slow things down again. 2012 may be the best yet.
http://www.dol.gov/opa/media/press/eta/ui/current.htm
http://www.economicpopulist.org/content/unemployment-83-january-2012-243000-jobs-really
#housing