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  • July 7, 2009 at 8:22 AM #15995
    scaredyclassic
    Participant

    so, if CA has some sort of extreme financial problem, does that necessarily send housing prices down. The O.C. bankruptcy didn’t seem to ahve allt hat much effect, did it? What are the arguments?

    July 7, 2009 at 5:45 PM #426587
    5yearwaiter
    Participant

    I believe that State bankruptcy wouldn’t have any effect on the housing market. Any way housing market itself is a national issue now !!.

    July 7, 2009 at 5:45 PM #426812
    5yearwaiter
    Participant

    I believe that State bankruptcy wouldn’t have any effect on the housing market. Any way housing market itself is a national issue now !!.

    July 7, 2009 at 5:45 PM #427099
    5yearwaiter
    Participant

    I believe that State bankruptcy wouldn’t have any effect on the housing market. Any way housing market itself is a national issue now !!.

    July 7, 2009 at 5:45 PM #427171
    5yearwaiter
    Participant

    I believe that State bankruptcy wouldn’t have any effect on the housing market. Any way housing market itself is a national issue now !!.

    July 7, 2009 at 5:45 PM #427333
    5yearwaiter
    Participant

    I believe that State bankruptcy wouldn’t have any effect on the housing market. Any way housing market itself is a national issue now !!.

    July 7, 2009 at 5:56 PM #426607
    Arraya
    Participant

    Of course it would have an affect. Everything is connected.

    The state lays of 30,000 people that is 30,000 w/o jobs defaulting on their loans, losing their home to foreclosure, clogging up banks balance sheets, perpetuating the credit contraction, sucking money out of consumption based economy, leading to more job losses, leading to a larger tax shortfall, etc..

    It’s a vicious cycle…

    July 7, 2009 at 5:56 PM #426832
    Arraya
    Participant

    Of course it would have an affect. Everything is connected.

    The state lays of 30,000 people that is 30,000 w/o jobs defaulting on their loans, losing their home to foreclosure, clogging up banks balance sheets, perpetuating the credit contraction, sucking money out of consumption based economy, leading to more job losses, leading to a larger tax shortfall, etc..

    It’s a vicious cycle…

    July 7, 2009 at 5:56 PM #427119
    Arraya
    Participant

    Of course it would have an affect. Everything is connected.

    The state lays of 30,000 people that is 30,000 w/o jobs defaulting on their loans, losing their home to foreclosure, clogging up banks balance sheets, perpetuating the credit contraction, sucking money out of consumption based economy, leading to more job losses, leading to a larger tax shortfall, etc..

    It’s a vicious cycle…

    July 7, 2009 at 5:56 PM #427191
    Arraya
    Participant

    Of course it would have an affect. Everything is connected.

    The state lays of 30,000 people that is 30,000 w/o jobs defaulting on their loans, losing their home to foreclosure, clogging up banks balance sheets, perpetuating the credit contraction, sucking money out of consumption based economy, leading to more job losses, leading to a larger tax shortfall, etc..

    It’s a vicious cycle…

    July 7, 2009 at 5:56 PM #427353
    Arraya
    Participant

    Of course it would have an affect. Everything is connected.

    The state lays of 30,000 people that is 30,000 w/o jobs defaulting on their loans, losing their home to foreclosure, clogging up banks balance sheets, perpetuating the credit contraction, sucking money out of consumption based economy, leading to more job losses, leading to a larger tax shortfall, etc..

    It’s a vicious cycle…

    July 7, 2009 at 6:56 PM #426627
    DWCAP
    Participant

    The only effect it could really have is if it caused us to repeal Prop 13. OR atleast portions of it, like the ability to pass on the property tax to ones children. Higher property taxes may have a small dampening effect on housing, especially in the beginning when people dont know what will ultimatly happen.

    That and the unemployment rate issues.

    July 7, 2009 at 6:56 PM #426852
    DWCAP
    Participant

    The only effect it could really have is if it caused us to repeal Prop 13. OR atleast portions of it, like the ability to pass on the property tax to ones children. Higher property taxes may have a small dampening effect on housing, especially in the beginning when people dont know what will ultimatly happen.

    That and the unemployment rate issues.

    July 7, 2009 at 6:56 PM #427139
    DWCAP
    Participant

    The only effect it could really have is if it caused us to repeal Prop 13. OR atleast portions of it, like the ability to pass on the property tax to ones children. Higher property taxes may have a small dampening effect on housing, especially in the beginning when people dont know what will ultimatly happen.

    That and the unemployment rate issues.

    July 7, 2009 at 6:56 PM #427211
    DWCAP
    Participant

    The only effect it could really have is if it caused us to repeal Prop 13. OR atleast portions of it, like the ability to pass on the property tax to ones children. Higher property taxes may have a small dampening effect on housing, especially in the beginning when people dont know what will ultimatly happen.

    That and the unemployment rate issues.

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