Does anyone in Calif remember what happened when Klinton killed the aerospace industry in the LA area? Prices dropped like a stone. My parents bought into a retirement community in the mid 90s for about 150,000 guess how much it is worth today? Real estate always has ups and downs and people have short memories.
“Does anyone in Calif remember what happened when Klinton killed the aerospace industry in the LA area? “
Actually, no. I worked in the LA aerospace industry from the early 80s Reagan build-up to 1990. When I quit Hughes Aircraft Co. in 1990, it had peaked at about 86,000 employees. In the summer of 1991 I remember reading an article in Business Week which showed the main entrance gate to the HAC complex. The article was about plummetting aerospace jobs. I think Hughes was down to under 70,000 employees. The crash in aerospace jobs started way before Clinton ever got elected.