The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Elroy Jetson who wrote (12707)	8/20/2003 2:50:07 PM
From: ild	Read Replies (1) of 306849

<<<California was little affected by Orange County's bankruptcy>>> My understanding that Orange County's bankruptcy was not because of budget problems. OC just lost a few billion $$ because the guy was gambling. I think California crisis is very different. IMO state tax income will continue to shrink and instituting more taxes will not help. RE will eventually fall, so even if Prop 13 is repealed if won't help much.

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