On Instapundit,INTERESTING MAP: 35 Counties Account for 50% of foreclosures. “And yet, California is, on average, , he said:
INTERESTING MAP: 35 Counties Account for 50% of foreclosures. “And yet, California is, on average, the happiest state in the nation. Weird how things work.” Why shouldn’t they be happy? ”” the rest of us are paying their mortgages. . . .
Not to belabor the point but California “used” to be one of the happiest states. They had high paying jobs, good job security, and all of their investments continually increased. They were living the good life. In one year everything has changed. They were hit with the triple whammy. First their real estate not only stopped appreciating but started to drop quickly. Many home owners soon found that they owed more money on their house than it was worth. Then the job layoffs began as the economy rapidly slowed down. I saw an article published recently that said California has one of the highest unemployment rates in the country. When you combine these employment fears with the free fall in the home prices and stock market and dysfunctional state and local governments, I doubt you will be able to find a recent poll that shows Californians to be very happy. Those laid back Californians just got a wake up call that they cannot ignore. It is time to start work on the new California.