California Housing: 1 out of every 192 Homes in Trouble. Top Ranking State in the United States.
The foreclosures numbers for the month of June did not give us any hint of a second half recovery. The lunacy of some of the politicians out there is simply baffling. Apparently the current recession is now all in our heads:
“(CNN) Obama was responding to comments from Phil Gramm, a former Texas senator and a co-chair of McCain’s presidential campaign who told the Washington Times that America has “become a nation of whiners” and the country is in the midst of a “mental recession.”
We have sort of become a nation of whiners. You just hear this constant whining, complaining about a loss of competitiveness, America in decline,” he said. “You’ve heard of mental depression; this is a mental recession.”
http://www.doctorhousingbubble.com/california-housing-1-out-of-every-192-homes-in-trouble-top-ranking-state-in-the-united-states/