California as a warning for America

[bodecea]

The really horrible thing is they moved up here to Portland. And they are repeating the process

They overran the southern Denver 'burbs and Colorado resort counties in the '90s, too.

Yeah...those are the ones complaining and leaving like some we've seen here...your loss, our gain.

 

[bodecea]

It sure as hell ain't San Fran or Sacramento..

Or Monterey or Santa Barbara or San Diego or.......

....or friggin' Barstow!

Hemet's actually very nice...but wouldn't want to live in Baker.

 

[Contessa_Sharra]

So far, that's not proving to be true.

Sure it is, and people in middle Income ranges around $40,000 are now able to afford to buy homes......

Contessa, are you sure? 40,000? Prices haven't dropped that much in Ca.

County Index

This is the No. Cali "please take it off our hands list" for hud foreclosures, starting at 12 grand, Near Edwards AFB modular pn a 4000 square foot lot to high end stuff that has been sitting a while.....

Just tick all the boxes and see what is what.......

There are a lot more places that are "bank owned," but a lot of the sites are pay to see places, and I am not gonna.....

There is so much empty and for sale and for rent in the Sac area it has gotten creepy.... lots of empty commercial property, too...

 

[bodecea]

Sure it is, and people in middle Income ranges around $40,000 are now able to afford to buy homes......

Contessa, are you sure? 40,000? Prices haven't dropped that much in Ca.

County Index

This is the No. Cali "please take it off our hands list" for hud foreclosures, starting at 12 grand, Near Edwards AFB modular pn a 4000 square foot lot to high end stuff that has been sitting a while.....

Just tick all the boxes and see what is what.......

There are a lot more places that are "bank owned," but a lot of the sites are pay to see places, and I am not gonna.....

There is so much empty and for sale and for rent in the Sac area it has gotten creepy.... lots of empty commercial property, too...

It will swing back soon enough...I've seen it happen around here at least twice already. And those who hang on and wait will make a killing.

 

[Claudette]

California is screwed up becasue hey have a repbulican gov.

Try the Democratic legislature. These are the guys who hold the purse strings, not the Gov.

 

[Contessa_Sharra]

Contessa, are you sure? 40,000? Prices haven't dropped that much in Ca.

County Index

This is the No. Cali "please take it off our hands list" for hud foreclosures, starting at 12 grand, Near Edwards AFB modular pn a 4000 square foot lot to high end stuff that has been sitting a while.....

Just tick all the boxes and see what is what.......

There are a lot more places that are "bank owned," but a lot of the sites are pay to see places, and I am not gonna.....

There is so much empty and for sale and for rent in the Sac area it has gotten creepy.... lots of empty commercial property, too...

It will swing back soon enough...I've seen it happen around here at least twice already. And those who hang on and wait will make a killing.

I think it will take us about a year and a half before there is a move in the other direction.

 

[bodecea]

County Index

This is the No. Cali "please take it off our hands list" for hud foreclosures, starting at 12 grand, Near Edwards AFB modular pn a 4000 square foot lot to high end stuff that has been sitting a while.....

Just tick all the boxes and see what is what.......

There are a lot more places that are "bank owned," but a lot of the sites are pay to see places, and I am not gonna.....

There is so much empty and for sale and for rent in the Sac area it has gotten creepy.... lots of empty commercial property, too...

It will swing back soon enough...I've seen it happen around here at least twice already. And those who hang on and wait will make a killing.

I think it will take us about a year and a half before there is a move in the other direction.

In the scheme of things, a year is not long at all.

 

[Oddball]

Or Monterey or Santa Barbara or San Diego or.......

....or friggin' Barstow!

Hemet's actually very nice...but wouldn't want to live in Baker.

I wouldn't want to live in Baker if I were a friggin' lizard.

 

[Meister]

....or friggin' Barstow!

Hemet's actually very nice...but wouldn't want to live in Baker.

I wouldn't want to live in Baker if I were a friggin' lizard.

A desert tortoise loves it.....but, they aren't paying for real estate either.

 

[bodecea]

....or friggin' Barstow!

Hemet's actually very nice...but wouldn't want to live in Baker.

I wouldn't want to live in Baker if I were a friggin' lizard.

I had a friend who was raised in Barstow....used to tell stories of teenage bonfire parties out in the desert and driving around terrorizing the jack rabbits with their car headlights.

 

[Harry Dresden]

That's HILARIOUS! Now, ask McLintock how he's done in past elections for state office like governor, etc. That's even funnier.

yea lets ask him Bo....of all the people running for election he was the only one talking about this stuff....and yet the SAME FUCKING PEOPLE who have fucked up this state keep getting elected....why dont i ask YOU why that is....since i know just by your responce that you are one of those voters....tell me why please.....

 

[Navy1960]

California, is an exercise in over regulation, too much social spending, not enough incentives business to operate in a friendly environment. Heavy handed environmental regulation, a strong and institutional need for the state to hire and keep state workers. Very little focus on the on providing long term private employment and providing incentives for small bussine to flourish in the state. The California aerospace industry has been decimated by the heavy hand of regulation. The sheer ineptness of it's state Govt. both the long time democrat state legislature and a whole host of both republican and democrat Gov. who have done nothing but seek help from the Federal Govt. rather than do the hard work needed to fix problems that haunt the state. Take for instance once California judge because of a smelt, deciding that a once fertile valley that employed over 40,000 people was no longer entitled to water and shut it off. Or pehaps, a city councel in Berkley that awards code pink the right to block the USMC and and does nothing to stop the interference of young people seeking to join. Still further taxes that are so burdensome because of regulation that the average family can ill afford to even purcahse a home. This is Calfornia, the state itself is perhaps one of the most diverse states in the nation, it has much to offer in terms of it's people and it's beauty, but California's problems were and are created by Govt. attempting to do things that Govt. was never intended to do, and thats re-engineer society rather than govern.

 

[Harry Dresden]

California is screwed up becasue hey have a repbulican gov.

no its screwed up because voters like you and your FAR left asswipe friends have taken over the legislature and are too stupid to admit that their "wonderful progressive "policies aint working to well....and the dumbass voters keep voting them in........and yet come the next election....the same fuckers will get re-elected....they deserve what they are getting....

 

[Harry Dresden]

look at mosts states, citys and countys run by democrats and this is exactly what happens. choas, disfunctional and broke!!!!

Yeah...that's why Blue states get bailed out so much by the Federal government................oops.

and what state is asking for help right now?....can you figure that out,or do you need help?.........

 

[Harry Dresden]

The more people that move to Texas and other places, the better it will be for those of us who stay.

yea with all those who have left the tide is sure turning aint it....

 

[Harry Dresden]

The more people that move to Texas and other places, the better it will be for those of us who stay.

So far, that's not proving to be true.

Sure it is, and people in middle Income ranges around $40,000 are now able to afford to buy homes......

where?....in Compton...how about Bell,....hawiian gardens....ingelwood....yea they can afford it....

 

[Toro]

I was going to post a similar article but Willow beat me to the subject.

Here it is.

We Californians pride ourselves on the crystal-ball quality of our state. Auto emissions regulations, the tech boom and bust, Ronald Reagan, Hispanic immigration, the anti-tax revolt, the mortgage bubble, the struggle for gay rights, most movies, the popularity of Richard Nixon, the unpopularity of Richard Nixon, plastic surgery, and Tiger Woods's marital problems were all tested in the Golden State before being released to audiences nationwide.

The next likely item on that list is not a happy one, however. California is in a total fiscal crisis. It's had to slash state services to the bone and will have to cut further. It's gutted the University of California and lost its credit rating. David Paterson, the governor of New York, casually mentioned that he thinks California might default on its debt. That's bad enough, as it could drag down the national recovery. But what's worse is that this picture is probably coming to a theater near, well, all of us.

California's fiscal crisis will look sadly familiar to close watchers of the national checkbook. That's because California is not having a fiscal crisis so much as a political crisis. The trigger may have been the recession, but the root cause was written into the state constitution, and it was visible long before the housing boom went bust.

In California, passing a budget or raising taxes requires a two-thirds majority in both the state's Assembly and its Senate. That need not pose a problem, at least in theory. The state has labored under that restriction for a long time, and handled it with fair grace. But as the historian Louis Warren argues, the vicious political polarization that's emerged in modern times has made compromise more difficult.

All of this, however, has been visible for a long time. Polarization isn't a new story, nor were California's budget problems and constitutional handicap. Yet the state let its political dysfunctions go unaddressed. Most assumed that the legislature's bickering would be cast aside in the face of an emergency. But the intransigence of California's legislators has not softened despite the spiraling unemployment, massive deficits and absence of buoyant growth on the horizon. Quite the opposite, in fact. The minority party spied opportunity in fiscal collapse. If the majority failed to govern the state, then the voters would turn on them, or so the theory went.

That raises a troubling question: What happens when one of the two major parties does not see a political upside in solving problems and has the power to keep those problems from being solved?

If all this is sounding familiar, that's because it is. Congress doesn't need a two-thirds majority to get anything done. It needs a three-fifths majority, but that's not usually available, either. Ever since Newt Gingrich partnered with Bob Dole to retake the Congress atop a successful strategy of relentless and effective obstructionism, Congress has been virtually incapable of doing anything difficult because the minority party will either block it or run against it, or both. And make no mistake: Congress will need to do hard things, and soon. In the short term, unemployment is likely to remain high and the economy is likely to remain weak unless Congress can muster another round of serious stimulus spending. The economist Karl Case, co-founder of the famed Case-Shiller housing index, now believes that earlier optimism about our economic recovery -- which he shared -- was misplaced. "The probability is very high of a serious double dip like 1982," he told the New York Times. The housing market seems to be sagging again, and the government's interventions -- not just the stimulus but also relaxed standards at Fannie Mae, Freddie Mac and the Federal Housing Authority -- are set to end.

Further out, the long-term deficit problem, which is driven largely by health-care costs, is startling. The Center for Budget and Policy Priorities estimates that debt will reach 300 percent of gross domestic product come 2050 -- and that estimate might be optimistic. But solutions seem unlikely. No one who watched the health-care bill wind its way through the legislative process believes Congress is ready for the much harder and more controversial cost-cutting that will be necessary in the future.

Similarly, Sens. Kent Conrad and Judd Gregg recently suggested a bipartisan deficit commission that would reach a consensus on the budget and report back to a grateful Congress. On Tuesday, a Wall Street Journal editorial showed the conservative interest in such compromises: Republicans should "agree to a deficit commission only if it takes tax increases off the table," it said, reminding wavering Republicans that "President George H.W. Bush renounced his no-new-taxes pledge and made himself a one-termer."

These two problems get to the essential difficulties confronting the nation: There is no doubt that minority parties generally profit in elections when the unemployment rate is high. But given that reality, what incentive do they have to help the majority party lower the unemployment rate? Further out, there is no doubt that the majority party has an incentive to prevent a fiscal crisis on its watch. But what incentive does the minority party have to sign on to the screamingly painful decisions that will avert crisis?

In another system of government, that wouldn't much matter. In our system of government, which requires a supermajority in the Senate for most projects, it matters a lot. On Jan. 20, for instance, the Senate is expected to vote on raising the debt ceiling. Generally, this is a bipartisan vote, as the debt is a bipartisan creation. This year, Senate Minority Leader Mitch McConnell reportedly told Majority Leader Harry Reid that if he wants an increase in the ceiling, he owns it and needs to find the votes for it. That's the sort of budgetary brinkmanship that brings us back to California.

The lesson of California is that a political system too dysfunctional to avert crisis is also too dysfunctional to respond to it. The difficulty is not economic so much as it is political; solving our fiscal problem is a mixture of easy arithmetic and hard choices, but until we solve our political problem, both are out of reach. And we can't assume that an emergency, or the prospect of one, will solve the political problem for us. If you want to see how that movie ends, just look west, as we have so many times before.

Ezra Klein - California's scary sneak preview

 

[bodecea]

look at mosts states, citys and countys run by democrats and this is exactly what happens. choas, disfunctional and broke!!!!

Yeah...that's why Blue states get bailed out so much by the Federal government................oops.

and what state is asking for help right now?....can you figure that out,or do you need help?.........

Tell us...what state is asking for help....besides help in doing what the Feds were supposed to be doing all along, which is protecting our border.

 

[Meister]

Yeah...that's why Blue states get bailed out so much by the Federal government................oops.

and what state is asking for help right now?....can you figure that out,or do you need help?.........

Tell us...what state is asking for help....besides help in doing what the Feds were supposed to be doing all along, which is protecting our border.

Arnie asking for 8 billion dollars? Not for the borders, I assure you that, Bo.

 

[Harry Dresden]

Or Monterey or Santa Barbara or San Diego or.......

....or friggin' Barstow!

Hemet's actually very nice...but wouldn't want to live in Baker.

my mother-in-law lives in Hemet Bo....it aint that nice....lots of gangs are moving that way....and crime has increased over the last 10 years....cheap housing yes....living environment,if you dont think its bad...go for it....