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Tale of two housing busts: Why is California recovering and Florida still struggling?
latimes.com ^ | 11/5/2010 | Alejandro Lazo and E. Scott Reckard

Posted on 11/07/2010 2:34:57 PM PST by dragnet2

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1 posted on 11/07/2010 2:35:01 PM PST by dragnet2
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To: dragnet2

” Why is California recovering “

Who writes this stuff?? The same guy who wrote Baghdad Bob’s “There are no American troops...” material??


2 posted on 11/07/2010 2:37:48 PM PST by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: dragnet2

Let the spin...begin


3 posted on 11/07/2010 2:38:02 PM PST by screaminsunshine (Cowabunga)
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To: dragnet2

Hm...The housing market in California is recovering? Someone should let the Sellers and Real Estate Agents know.


4 posted on 11/07/2010 2:38:10 PM PST by Rational Thought
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To: screaminsunshine

Yet from another article out today...

___________________________________________________________

Florida: Taking on a Second Mortgage to Pay the Foreclosure

November 07, 2010

For some Florida residents, the price of getting out of foreclosure will include taking on a second mortgage

http://www.freerepublic.com/focus/f-news/2623209/posts


5 posted on 11/07/2010 2:40:04 PM PST by dragnet2
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To: dragnet2

California is NOT recovering from anything. More things are going into foreclosure than you can shake a stick at.

After the enviornmental crap props take effect we get a 60% raise in utility rates and probably $5-6 dollar gas (which could pretty much put a stake through out heart for good IMO).

Was someone on drugs while writing this article?
Were they prop 19 sponsors, because they sure sound like it.

No, it’s all bad in CA folks.


6 posted on 11/07/2010 2:40:46 PM PST by A CA Guy ( God Bless America, God bless and keep safe our fighting men and women.)
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To: dragnet2

If true, this is good news for me. I can sell my house, not give it away and get the hell out of this sink hole before it’s too late.


7 posted on 11/07/2010 2:41:11 PM PST by 23 Everest (A gun in hand is better than a cop on the phone.)
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To: dragnet2

Because it’s California, sunny, warm beautiful! nuf said.


8 posted on 11/07/2010 2:41:30 PM PST by blkmontecarlo
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To: dragnet2

I am a Florida lawyer who does a lot of foreclosures—in my case commercial foreclosures. The article is right on the money, actually. Our foreclosure process takes forever because it’s got to be approved by a judge, and there are not enough judges to handle this many foreclosures. Additionally, they inevitably tell you to take two steps backward if the property owner shows up and resists.


9 posted on 11/07/2010 2:42:26 PM PST by Brilliant
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To: Brilliant; screaminsunshine
I am a Florida lawyer who does a lot of foreclosures—in my case commercial foreclosures. The article is right on the money, actually.

lol...Thanks for the honesty...

10 posted on 11/07/2010 2:43:59 PM PST by dragnet2
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To: dragnet2

Don’t Panic! Governor-elect Moonbeam will fix that evil capitalistic housing issue! Free homes for everyone!


11 posted on 11/07/2010 2:44:43 PM PST by Clock King (Ellisworth Toohey was right: My head's gonna explode.)
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To: dragnet2

The LA Times is a communist propaganda rag.

California is at the brink of total financial collapse. All it’s gong to take as a few months of the socialist world workers party Moonbeam Brown leading the homosexual dominated socialist state legislature to push it over the edge. California is going to plunge beneath the waves, but it won’t be due to the big quake, but the big FLAKE!!


12 posted on 11/07/2010 2:45:56 PM PST by Jim Robinson (Rebellion is brewing!! Nuke the corrupt commie bastards to HELL!!)
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To: Jim Robinson
The LA Times is a communist propaganda rag.

See the comment from the gentleman from Florida at #9

13 posted on 11/07/2010 2:47:52 PM PST by dragnet2
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To: dragnet2
Deficit gov’t spending by the CA state gov’t. They're drinking their own koolaid. Eventually the koolaid runs out after they pissed it away.
14 posted on 11/07/2010 2:47:53 PM PST by VRWC For Truth (Throw the bums out who vote yes on the bailout)
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To: dragnet2

California is recovering? Who Knew! LOL


15 posted on 11/07/2010 2:49:50 PM PST by DefeatCorruption
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To: dragnet2

Before the foreclosure crisis, our filing fee for a foreclosure was $200. When the foreclosures skyrocketed, the legislature increased the filing fee to almost $2000. I suppose they followed Reagan’s advice: If you tax something, you get less of it.


16 posted on 11/07/2010 2:50:50 PM PST by Brilliant
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To: Brilliant

Did you see this?

_________________________________________________________

Florida: Taking on a Second Mortgage to Pay the Foreclosure

November 07, 2010

For some Florida residents, the price of getting out of foreclosure will include taking on a second mortgage

http://www.freerepublic.com/focus/f-news/2623209/posts


17 posted on 11/07/2010 2:51:42 PM PST by dragnet2
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To: dragnet2

I’d rather be in Florida...a red state that just got a whole lot redder. We just destroyed a Obamabot candidate for governor, swept every statewide election and are replacing four RATs with strong conservative Republicans in the House...plus, no state income tax and none in sight...no illegal immigrant problem to speak of....one RAT senator on political life support who has a big target on his back for 2012.


18 posted on 11/07/2010 2:51:58 PM PST by clintonh8r ("Let them eat lobster cake." Michele Antoinette, vacation #6.)
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To: blkmontecarlo

Because it’s California, sunny, warm beautiful! nuf said.’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’ Because its Florida, Sunny, Hot, Humid and invaded by snowbirds. However if the value of the house goes down so does the taxes. Speculators lost big time down here with high rise condos. We lost a little on our house but we can still sell for what we paid for it in 2005. But we’re on the water surrounded by golf courses, and why would we want to leave? Californian has nice weather but its like living in the city suburbs there. The roads are always crowded. Spent time in Silicon Valley and experienced the traffic. I thought I was back on the LIE.


19 posted on 11/07/2010 2:52:29 PM PST by Bringbackthedraft (The candidate they smear and ridicule the most is the one they fear the most.)
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To: dragnet2

Sorry, California is done for. Moonbeam has come back from the grave to deliver the final socialist coup de grace.


20 posted on 11/07/2010 2:53:44 PM PST by Jim Robinson (Rebellion is brewing!! Nuke the corrupt commie bastards to HELL!!)
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