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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (12707)	8/20/2003 2:31:17 PM
From: the_wheel	Read Replies (1) \| Respond to of 306849

I just heard Grey Davis has a new plan to solve the crisis. Apparently, the polls show recall succeeding. To avoid losing office this year, it has been decided that they can not get the ballots together for quite some time, something to do with some dude named 'Chad', used to be a judge, called him hanging Chad. Recall will have to be postponed due to technical difficulties.

To: Elroy Jetson who wrote (12707)	8/20/2003 2:50:07 PM
From: ild	Read Replies (1) \| Respond to 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 RE will eventually fall, so even if Prop 13 is repealed if won't help much.