Reply to "So what is the real story here?"

StankyPost Master

The businesses and people who work hard and pay the high taxes that support the California welfare state are leaving, so the Realtors, house flippers, banks, and California politicians are about to see a redo of 2008. It remains to be seen whether or not Californian greed factors in a major national downturn as the get-rich-quick schemes of that state did in 2000's tech bust and the bust of 2008. I would be bailing on californicated Muni's if I owned them.

http://irle.berkeley.edu/files...-Great-Recession.pdf

http://www.calbizjournal.com/w...ssesleavecalifornia/

7/26/1810:05 PM

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