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“If you pay taxes in California, you should be ticked off…” – Mike Maloney
California has recently started using taxpayers’ cash to fund 20% down payments with 0% interest for homebuyers, further inflating the real estate bubble. If you’re a homebuyer in California, Mike says that you’re being charged to keep this housing market charade going.
It’s another reminder that politicians will often meddle in the economy, despite their lack of understanding of how their policies can affect markets. China and Australia implemented similar policies and both ended in disaster. More at http://www.ggsr21.com
But that’s not all – Mike shares a few other highly concerning warning signs the real estate collapse is already happening.
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