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San Diego recovers poorly

Stats study ranks our burg 103rd among 150 metro areas

WalletHub, which compiles economic and demographic statistics on American cities, finds that California cities, including San Diego, have recovered from the Great Recession more slowly than other American cities.

The company looks at a number of metrics: post-recession unemployment rate, inflow of college-educated workers, ratio of full-time to part-time jobs, median household income, median home price, foreclosure rate, poverty rate, growth in number of businesses, general economic growth, and bankruptcy rate, among others.

Of 150 cities, in last place are two California cities that took the bankruptcy route: Stockton, 149th and San Bernardino 150th. Riverside is 140th. San Diego is 103rd, Santa Ana 93rd, and Los Angeles 99th. Chula Vista, probably bolstered by housing growth, is 58th.

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WalletHub, which compiles economic and demographic statistics on American cities, finds that California cities, including San Diego, have recovered from the Great Recession more slowly than other American cities.

The company looks at a number of metrics: post-recession unemployment rate, inflow of college-educated workers, ratio of full-time to part-time jobs, median household income, median home price, foreclosure rate, poverty rate, growth in number of businesses, general economic growth, and bankruptcy rate, among others.

Of 150 cities, in last place are two California cities that took the bankruptcy route: Stockton, 149th and San Bernardino 150th. Riverside is 140th. San Diego is 103rd, Santa Ana 93rd, and Los Angeles 99th. Chula Vista, probably bolstered by housing growth, is 58th.

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Comments
8

That's not what Paul Krugman said in his column a day or two ago, he said that California is doing really well.

July 28, 2014

I also read that same column. He received a pretty scathing review of today's column from Forbes, also.

July 28, 2014

danfogel: I missed both the original column and the scathing review. Two strikes. Best, Don Bauder

July 28, 2014

KLoEditor: I read Paul Krugman but for some reason missed that column. Silicon Valley is doing very well. That may carry the state. It's inland that is in really bad shape. Best, Don Bauder

July 28, 2014

Question for you, Mr. Bauder,

The Atlantic (via facebook) referenced a ProPublica article on a company called USA Discounters. Apparently they target military personnel with offers of furniture and appliance as well as computer "deals" whereby people make payments over a time period.

They are located all over the US -- but if one of their clients stops making payments, they sue them in the state of Virginia. So that most of the time, the individual does not show up, and the verdict is rendered in favor of USA Discounters. Apparently there is a loophole in some legislation that allows this.

I was just wondering if you had heard of any of this. Looks like just one more way that young military personnel are being taken advantage of.

July 28, 2014

it's the Servicemembers Civil Relief Act,. A version of this has been around since jut after WWII . GWB signed the current version into law about 10 yrs ago. There is a loophole. The laws gives active duty servicemembers the right to defend themselves but does not specify where lawsuits must be filed. Obviously, the military is scattered around the globe and since these dbags are located in Va., that's where they choose to file. And since the SCRA says that there must be a court-appointed attorney to represent servicemembers who aren’t there to represent themselves, Virginia courts allow the creditor to suggest which attorney should be appointed.

July 28, 2014

danfogel: Service members are being scammed all the time. They are vulnerable to spiels. Look at how for-profit universities fleece service members. Best, Don Bauder

July 28, 2014

eastlaker: I have heard of similar scams. I wrote at least one column on companies that make a customer sign a document mandating that any lawsuit be filed in a court far distant from the customer. Best, Don Bauder

July 28, 2014

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