Stimulus Plan May Help California Real Estate
STEVE INSKEEP, Host:
NPR's Elaine Korry reports from one of those high-priced markets, San Francisco.
ELAINE KORRY: David Crane, an adviser to Governor Schwarzenegger on economic growth, says access to cheaper credit is exactly what California needs.
M: It's huge; it's really the single largest issue affecting our economy.
KORRY: According to Crane, this proposed change alone could boost economic growth throughout the state.
M: Housing pervades everything because to the extent that people can't finance their homes or they're paying more for their credit than they would otherwise pay, they spend less at the local store, the local dry cleaner, or you know, the local restaurant.
KORRY: Elaine Korry, NPR News, San Francisco.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.