Good news, bad news (gov't job edition)
First the good news, for anyone in favor of jobs and housing activity: The much-anticipated movement of government workers and contractors to the area (thanks to the national base realignment and closure) is underway, at least in a small way. Mary Gail Hare reports:
Fort Monmouth in New Jersey is closing and transferring many of its jobs to Aberdeen Proving Ground. About 300 New Jersey families have relocated to Maryland in the past six months. ... More than 700 are expected this year, with the largest move set for 2010, a year ahead of the required September 2011 BRAC completion date.
Bad news: Gov. Martin O'Malley's plan to deal with budget problems by laying off 500 to 1,000 people. Job cuts -- government or otherwise -- mean fewer people able to buy new homes, and potentially more people in danger of missing mortgage payments on the homes they have.
See other good or bad housing-related news out there? Chime in.
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Comments
It's sad when working for the state government is not considered job security anymore. Shame on the state for overspending and undersaving just like the typical American has done for the last few years. I guess as a people we follow the lead of government or is it the other way around?
Posted by: Pat Hiban | January 15, 2009 11:01 AM