irvinebullhousing
Well-known member
Panda said:Cornflakes. Let's take California's population for example at 39 million. 20% of the California population is 65 years old an older. Assuming a death of 6% which is the number I have seen for the risk at this age group we are potentially looking at 432,000 death. This is assuming that 100% of California's population is infected with the COVID-19.
Another information that maybe of your interest is that Jan 2020 Unemployment numbers for Orange County has showed its first uptick of reversal at 2.9% for Jan 2020 from 2.4% in Dec 2019. I think this unemployment wave will now start moving upwards.
Orange County Unemployment Data.
Dec 2019 2.4%
Jan 2020 2.9% - First uptick from bottom
When the damage the coronavirus inflicts on the U.S. jobs market becomes clearer, it could be unlike anything the country has ever seen. So, do you also track John Creeks job data which is the bulk where your busines, I am curious to know how both compare. I know that Buckhead is pretty techs heavy jobs and diverse, what about John Creeks? I think the diversity of industries matters to the local jobs. Here in Irvine, and OC for that matters, you have techs, pharmaceutical, bio, pharma, banking related as well as services and gig workers, well diverse before this crisis. The gig workers will probabbly hurt most. The other professionals, we work at home now but once the lift end, most have to get back to work. It will not be the same for awhile. Again, its the professional jobs that pays well enough to buy a condo which is 800K to start. And that is not a small amount. These gig workers not going to be able to afford homes in the first place.