Home › Forums › Housing › How can I compete??? › patb wrote:JACKQLYN
[quote=patb][quote=JACKQLYN]I What will happen when this 8k tax credit ends, unemployment staggers, and California’s well runs dry?
Just wait.[/quote]
Armageddon.
The California Budget is 100 hours away from bouncing checks. Ultimately that means serious cuts in services across the board.
Middle Class people and the upper working class will pull out, especially if the jobs are bad or they are way underwater on ahouse.
California will start trending towards Brazil.
[/quote]
California will undertake some very high profile cuts that are small compared to the deficit, and that will be the cover for a bailout by the feds.
