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: Lizzie Tudor who wrote (12716)	8/20/2003 4:32:42 PM
From: ild	Read Replies (1) of 306849

<<< I do think there is a fair amt of "pain" out there>>> I don't think that counts as a real pain. Pain is when you age given a choice on a ballot: Either double sales tax or repeal Prop 13. By this time the state will be on a verge of default, so new borrowing will not be possible. OK, I know I'm a pessimist. You are not. Do you have a scenario in which California gets out of this mess unscathed?

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