I thinks its more because they don't want the large number of California unemployed squatting in those home.
----- Original Message ----- From: "Brasscheck TV" <[email protected]> What the fires don't get, the bankers will. Banks are actually tearing down brand new houses in California because they can't sell them at any price and they can't afford to pay the taxes and expenses to maintain them. Here's what it looks like on the ground: http://www.brasschecktv.com/page/702.html - Brasscheck P.S. Please share Brasscheck TV e-mails That's how we grow. Thanks. Everyone knows that California is broke. This video takes you on the ground so you can see why. Florida and Nevada have similar scenes..and this is where all the "growth" was in the first half of the 21st century that made investors so confident Every empty store, every empty house represents a loan that's not going to get paid back which represents a lender who will have less money to lend. How long will it take to digest the inventory "overhang" (the real estate equivalent of a hang over?) I have no idea, but it sure won't be a year or two. This is a financial apocalypse. <http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/09/06/state/n000211D9 6.DTL> Study: 2 out of 5 working-age Californians jobless 06 Sep 2009 On this Labor Day weekend, many Californians find themselves more in need of work than a holiday. A report released Sunday says two of five working-age Californians do not have a job, underscoring the challenges in one of the toughest job markets in decades. A new study has found that the last time employment levels among this group were this low was February 1977. *** exposing the hidden truth for further educational research only *** CAVEAT LECTOR *** In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. NOTE: Some links may require cut and paste into your Internet Browser. Please check http://tinyurl.com/33c9yr for more real news posts and support the truth! (sorry but don't have time to email all posts) free book download: http://www.lulu.com/content/165077 *** Revealing the hidden Truth For Educational & Further Research Purposes only. *** NOTICE: Due to Presidential Executive Orders, the National Security Agency (NSA) may have read emails without warning, warrant, or notice. They may do this without any judicial or legislative oversight. You have no recourse, nor protection.......... IF anyone other than the addressee of this e-mail is reading it, you are in violation of the 1st & 4th Amendments to the Constitution of the United States. Patriot Act 5 & H.R. 1955 Disclaimer Notice: This post & all my past & future posts represent parody & satire & are all intended for entertainment and amusement only. To be removed from the weekly list, please reply with the subject line "REMOVE" --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "total_truth_sciences" group. To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/total_truth_sciences -~----------~----~----~----~------~----~------~--~---
