From Pine View Farm

Bubblicious Popping Sounds 0

Not just in San Jose (emphasis added):

The Great Recession continues to cast a deep shadow over Silicon Valley’s economy, with new figures released by the Santa Clara County assessor’s office today revealing the disturbing disappearance of thousands of businesses during the last year.

The report also confirmed a historic plunge in overall property values, with Santa Clara County’s assessment roll for 2010-11 dropping about 2.4 percent, from $303.8 billion to $296.47 billion. Not counting a massive decline after Proposition 13 went into effect in 1978, this year’s reduction is the largest since 1933 — in the early days of the Great Depression.


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