Builders who speculated in Seattle should’ve gambled somewhere else. There are states where building continues at a fast clip... see North Carolina.
Not *that* fast a clip. I’m in Nifongville (aka Durham) and while the economy in the Triangle isn’t nearly as bad as most other places, the job market here is still pretty craptacular and there aren’t nearly as many people coming in to take all these tech and biotech jobs...and a big chunk of those are foreigners on short-term visas. (My apartment complex near RTP is probably 40% Indian. Gotta love seeing street cricket games in the parking lot of the Lutheran church next door.)
The job market in IT is as bad as I’ve ever seen it in 22 years in the business. They may still be building houses here, but it’s way off the torrid pace of a few years ago.
}:-)4