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The biggest problem I see is that Bakersfield has little new job creation. And, the jobs that are being created are at the lower end of the scale. This is my third recession and I have never seen one that appears to have the potenial  to be this bad. 5,000 homes on the market, low paying jobs, lenders pulling in their horns and the City and County continue to approve more subdivisons. It all spells for big trouble for all of us. Bakersfield got way ahead of itself in many ways. I must say however, that some of the blame sits at the doorstep of the City and County for the wholesale approvals handed out these past four or so years. It was a national builders dream.
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