Liberal Forum

when real estate was high, property taxes rolled in. and california went deep in government debt. california is now in a silent property revaluation. soon prices will start to decline. then, as interest rises, and people can not afford the payments, real estate will crash. but the adjusted california property taxes will not cover the bond debts. unable to pay its debts, those who hold california debts will place lies on homes. as the tax payers property backed the bonds. when people sell their homes, the bond lies will be first in line at the title companies. ouch. people will walk. banks will be stuck with the liens. ouch. under water home values and liens. banks go bust. fed that guaranteed the banks go bust. 1929 all over again. no trust. bad paper used as toilet paper. how great it will be for those with no debt. ready to pick up the pieces for far less than a penny on the dollar. people who were multi millionaires, begging for food.  as you stand there with no debt. telling them to sleep in the gutters, and eat rats.

walkingstick » 24 Jun 2023, 3:32 am » wrote: ↑

24 Jun 2023, 3:32 am

when real estate was high, property taxes rolled in. and california went deep in government debt. california is now in a silent property revaluation. soon prices will start to decline. then, as interest rises, and people can not afford the payments, real estate will crash. but the adjusted california property taxes will not cover the bond debts. unable to pay its debts, those who hold california debts will place lies on homes. as the tax payers property backed the bonds. when people sell their homes, the bond lies will be first in line at the title companies. ouch. people will walk. banks will be stuck with the liens. ouch. under water home values and liens. banks go bust. fed that guaranteed the banks go bust. 1929 all over again. no trust. bad paper used as toilet paper. how great it will be for those with no debt. ready to pick up the pieces for far less than a penny on the dollar. people who were multi millionaires, begging for food.  as you stand there with no debt. telling them to sleep in the gutters, and eat rats.

You keep doubling down on reasonable doubt. It isn't just California or America. It is humanity itself. Humanity is what the species has done upon itself denying how evolving works naturally.