Tag California

Too many foreclosures

The 200+ page mini-book this cover came from lists over 1500 foreclosure auctions happening California the next few weeks, just from USHomeAuction.com alone. Quite a few have starting bids of $500-1,000 for homes that were previously valued at $200,000 or…

Subprime whacks Cali

Schwarzenegger declares fiscal emergency as $14 billion shortfall projected for 2008. Turns out that a stalling economy, plus collapsing real estate are a pretty serious whack on the state’s financial head. I wonder what will happen to the plans and…