Jerry brown defeated Meg Whitman in yesterdays election. Jerry brown held office over a decade ago and has held numerous other political offices. Ebay CEO Meg Whitman reportedly spent over 140 million of her own dollars to fund her campaign and had never run for office before. Brown plans to cut spending and uneccessary programs in California. As attorney general he has also been behind several programs and investigations of fraudalent real estate agents and offices. He has shut down various operations for predatory lending, mortgage fraud and other similar activities.
I am curious to see how the active rain community feels about his election. What are everyones predictions to how his policies will effect the real estate market? Is prop 13 in any danger of being repealed?
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