Bakersfield showing signs of economic boom

Local economists say Bakersfield is experiencing an economic boom. They say the city is showing vital signs of recovery that haven't been seen in some time.

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workinghard - 2/22/2013 11:39 AM
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This is lilke a deja vu of the last housing market bubble. Prices climb rapidly, lots of homes are sold, then people are in over their heads. Hopefully lenders will be more careful in their lending practices and buyers won't get into ARMs they can't possibly afford. I guess we will have to wait to see if history repeats itself.
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