Schwarzenegger Sees California Real Estate Recovery in 2009
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Arnold Schwarzenegger, Governor of California, thinks that his state will come out of the housing slowdown in 2009. The state has been one of the worst hit by foreclosures and subprime lending as speculators drove prices up to the stratosphere.
Now the Governor expects the rebound to be fully in effect by next year.
“We just have to wait until we grow our way out of the situation, and I think by next year, we will grow out of it,” Schwarzenegger said in an interview on NBC News program “Meet the Press.”
Schwarzenegger said he was shocked by the speed of the subprime mortgage crisis that froze financial markets last summer and has yet to clear up.
He said the turmoil erupted shortly after economists had assured him that the California economy and the national economy would stay on a strong growth path. via MarketWatch.
It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
The part about the inventory is right on but in my area they are mostly low end and beat up ...
I worked for this man, he is a great con man and has done this in more than States then ...
You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
Maybe it was kryptonite...
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By Mike ...
I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
BY USING FIRST CLAIM INSURANCE ADJUSTERS YOU WILL HAVE THE ABILITY TO LOOK AT YOUR INSURANCE SETTLEMENT AND REALIZE FIRST ...
Comment by Excel Builders LLC on 10 November 2008:
This man was the worst choice for Gov. in my opinion, he has done nothing to help the state and will continue to do the same for as long as he is in office.