Long Beach and surrounding communities will see a significant increase in housing demand, due to local job growth, in the next few years. The Douglas Park, located near the airport off Lakewood Blvd, is already partially filled. When completed, it will create up to 13,200 new jobs.
Further increasing job growth is the facility, directly across from Douglas Park, formerly used to build the Boeing MD-17. Either a world-class sound studio or a car manufacturer will probably fill the space. Regardless of which business stations itself, it is expected to create some 3,500 jobs.
Last, but certainly not least, is the expansion of the Long Beach port. This $750M project, set to begin in December of 2009, will create some 14,000 local jobs.
That's a total of nearly 31,000 new jobs in Long Beach! Does anyone doubt that a remarkable increase in the demand for housing is on the horizon? Investors will make a killing, current owners will feel much better, and fence-sitting buyers would do well to take stock.
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