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

To: tejek who wrote (29421)	7/17/2011 7:01:48 PM
From: The Reaper	11 Recommendations Read Replies (1) \| Respond to of 119362

This state is beyond the point of no return. The reality that you speak of has to be found in Sacramento. This state has been fiscally irresponsible since Willie Brown was Speaker. It has long been my own contention that the pols in Sacto have wanted to turn this state into nothing more than a tourist destination and a retirement community for the rich. They are accomplishing that goal as more business than ever is leaving. With their brilliant action to limit water supplies to the farms in the Central Valley they have assured that agriculture won't ever be what it once was in CA. Unfortunately the pols failed Econ 101 and seem to forget that without a tax base of manufacturing, agriculture, and basic industries, this state is a goner. You can't survive on increasing hotel taxes and soaking the tourists.

To: tejek who wrote (29421)	7/17/2011 7:04:17 PM
From: The Reaper	4 Recommendations Read Replies (1) \| Respond to of 119362

NY is in hock up to its eyeballs as well. That kind of makes my point that it's a spending problem. Other states with much less per capita revenue are in better shape than these two states. Now what do these two states have in common? Let's see......... Oh and don't forget Illinois, the poster child of fiscal conservativeness.