California has the highest oil prices in all of US throughout the year. However, hurricane Katrina brought disaster and oil prices were touching $4 in almost all parts of the country. Guess what though? California had the cheapest oil prices at this time and people were very happy about it. Amazing how things work sometimes.
Are you thinking house prices now? Think Bay Area California. In Oct 2005, an average 2-bedroom condo costs over $450k. I've read enough articles about the fact that the california housing market is in a bubble right now. But a lot of people have made huge amounts of money from this bubble already and a lot are still making it. It is not easy (if not impossible) for a newbie to come settle in Bay Area California. And guess what, folks evacuating from Katrina hit areas are being brought to San Jose. I guess its good for them if they're going to be given free housing, but I doubt it! How much can these folks claim from the insurance companies - probably none since natural disaster insurance costs quite a lot. Those who flee before Katrina hit may have had insurance but the ones suffering are the poor. Its a horrifying disaster.
If you would like to make a donation, please visit the American Red Cross website at http://www.redcross.org/donate/donate.html and make your gift to "Hurricane 2005 Relief”
0 commentaires