California Forum - David Holwerk: Get out the buckets; it'll start raining money any time now - sacbee.com: "The defining aspect of life in California is that people here have an enduring belief that money is bound to fall from the sky any minute now."
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Fred Pilot sent this take on the California mentality. That's about one-sixth of the US population, by the way. The belief that real estate values are like an escalator that always goes up is particularly strong in California. That's why people were buying new tract homes in the desert and commuting 70 miles each way to work in LA. They thought they couldn't lose.
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