Real Estate Bubble Bursts For California Lawmakers Too

In the boom years, several California legislators bought homes but are now having trouble keeping up with mortgages or avoiding big losses.SACRAMENTO — State lawmakers typically keep modest quarters near the Capitol to use when they're in town, with help from their tax-free expense allowance of $28,000 a year.

Topics:  california   sacramento   state   capitol   lawmakers   
BING NEWS:
  • Cash for your backyard? Companies, homeowners try to capitalize on a California law.
    Housing shortage-plagued California recently started allowing property owners to split their lots and have developers build new homes there.
    04/22/2024 - 12:57 pm | View Link
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