Stigmatizing renting certainly hasn't helped unemployment

In March, California tied Rhode Island for third highest unemployment, at 12.6 percent. According to the L.A. Times, “the Employment Development Department estimates that about 100,000 Californians will have exhausted their benefits by this weekend,” each after spending as many as 99 weeks on the dole. Now look at foreclosures, where, according to the latest data from RealtyTrac, “California accounted for almost a quarter of the foreclosure filings in the quarter…”

California is filled with people who jumped on board the homeownership train when they couldn’t afford it. To make matters worse, they’re tied to their location because they own instead of renting.