Which Way, L.A.?
State Spending and Real Estate in California
Governor Schwarzenegger can’t get enough Republican Senators to approve a budget agreed to by the Democratic majority. We’ll hear a debate between Senators of both parties. Also, with foreclosure rates up 800% since last year, what’s happening to California’s real estate market?
By Warren Olney • • 30m ListenGovernor Schwarzenegger can’t get enough Republican Senators to approve a budget agreed to by the Democratic majority. We’ll hear a debate between Senators of both parties. Also, with foreclosure rates up 800% since last year, what’s happening to California’s real estate market?
In this episode
2 storiesIntransigent Republicans Attack Welfare
The Assembly and Senate were supposed to pass a state budget almost a month ago. Last week the Assembly passed a $145 Billion dollar spending plan and left on vacation. Republicans in the Senate insisted the Assembly version was not balanced, and they refused to go along.
Read the story1 minForeclosures are up but so is the need for housing
From January to the end of March, mortgage foreclosures in California rose 800% as compared to the first three months of last year. Countrywide Financial , the nation’s largest mortgage lender, says delinquencies are up even among customers with good credit.
Read the story10 min
