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: Think4Yourself who wrote (203853)	5/23/2009 1:49:41 AM
From: jmiller099	Read Replies (1) of 306849

The state also faces a related problem: Every year, California borrows money on the bond market to cover its day-to-day expenses and pays it back when tax receipts flow in This mode of operation is ridiculous. Lizzie alluded to it a lot last time they floated bonds in the fall. However, if I had a varying income stream that cycled predictably like that I would be saving the money from when the tax receipts flow in and collecting interest on it. Then spending it out when I hit the dry patch. As it has become an established cycle, I'd be taking steps to make the shift over X years to flip it around.

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