An update on California’s severe real-estate woes
I was born in Southern California and lived most of my life there. And because California is in many ways still “home” to me, as well as the fact that so many dear friends and family members still live there, it’s hard to watch what’s happening to that once great state. The real estate implosion is eviscerating everything. Looking back on my our decision to move from San Diego to Central Ohio back in 1997, it’s clear that my wife and I providentially avoided a great deal of economic pain that our friends and family who still live there have endured. I hope things can get back on track again soon. But based on this grim report, I just don’t know if that’s in the cards.