California Housing Fiscal Emergency Part Deux: California Housing and Economic Dynamics in Massive Recession.

It has been a few months since I’ve done a thorough analysis of the California housing and economic situation. Given the current changes I think it warrants another close look. The last article I did regarding California with an in depth perspective laid out 10 reasons why I thought California would not face a housing bottom until May of 2011. Since August, all of the reasons laid out in the assessment have only accelerated and thus cement the target date for a bottom. In addition, I was si