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Sacramento County has 42% of its home under water--the value of the home is less than the mortgage on the home. Contra Costa has 40% of its homes under water. And it is getting worse. As California taxes go higher, pension plans grow liabilities instead of assets, AB 32 continues to kill jobs, illegal aliens protected and union run the show, housing will continue to be a drag on the economy.
Still looking for the bright spot in the California economy for the short term. If you know one, please let me know.
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Still looking for the bright spot in the California economy for the short term. If you know one, please let me know.
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