Orange County, Calif
Christopher says "People believe about prize wives driving Ferrari's along the coastal area," Thornberg, principal of Beacon Economics. "There is a high-income component. But that is not all of Orange County by any stretch of the mind's eye."In detail, Santa Ana, which is the county bench, is a working-class, blue-collar city. All of Orange County has been affected by the housing bubble and home foreclosures, while the degree varies by neighborhood, says Jean Tietgen, president-elect of the Orange County Association of Realtor s. Other than even areas that had never experienced foreclosure in the 1980s and 1990s have been hit by it now. Since the housing market hit bottom in real estate, the home-buyer tax credit helped bring sales back up.
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