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Schwarzenegger faces test from powerful real estate industry
The Mercury News (San Jose) ^ | 12 October 2003 | JIM WASSERMAN

Posted on 10/15/2003 9:09:13 PM PDT by Lorianne

SACRAMENTO - Though Gov.-elect Arnold Schwarzenegger campaigned against "special interests" and "politics as usual," one of his most formidable tests will come as he juggles the demands of powerful California home builders, commercial developers and real estate interests that lavished money on his campaigns.

(Excerpt) Read more at bayarea.com ...


TOPICS: Business/Economy; Government; US: California
KEYWORDS: development; housing; population; realestate; sprawl

1 posted on 10/15/2003 9:09:14 PM PDT by Lorianne
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To: Lorianne
". . .powerful real estate industry."

Oh, who does he think Eli Broad is?

2 posted on 10/15/2003 9:31:55 PM PDT by BenLurkin (Socialism is Slavery)
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To: Lorianne
Schwarzenegger faces test from powerful real estate industry

?......California to be sold to Saudi Arabia....(U.N.)...?

/sarcasm

3 posted on 10/15/2003 9:34:14 PM PDT by maestro
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To: Lorianne
I think California Real Estate is probably the best way to get our economy going again. Real estate is very hot in most areas - and it's only getting better.

As long as interest rates stay low - Real Estate is Arnold's best bet....It really is the answer.
4 posted on 10/15/2003 9:38:15 PM PDT by M. Peach (eschew obsfucation)
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To: M. Peach
As long as interest rates stay low

They are already starting to climb back up. Based on what I've seen lately in the trends and stuff, they aren't coming back down for a good while.

5 posted on 10/15/2003 9:39:26 PM PDT by Centurion2000 (Virtue untested is innocence)
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To: M. Peach
Yep,......Al Queida and the Taliban want to buy California too.

/sarcasm

6 posted on 10/15/2003 9:40:53 PM PDT by maestro
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To: M. Peach
I dont expect price caps, but Id recomend giving relief to real estate companies if they help those who are priced out of housing to find housing.

:P

I know companies would rather make the deluxe model of anything, but the low end needs help. Else people will move out of the most expensive regions and move to Colorado or Nevada.
7 posted on 10/15/2003 9:55:33 PM PDT by Munson
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To: Lorianne
as he juggles the demands of powerful California home builders, commercial developers and real estate interests that lavished money on his campaigns.

Arnold took money from special interests? Huh........

</ sarcasm >

8 posted on 10/15/2003 10:13:19 PM PDT by Canticle_of_Deborah
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