{"id":24453,"date":"2011-02-09T18:00:55","date_gmt":"2011-02-09T18:00:55","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/usa_today_as_equity_plummets_a_california_county_adjusts_to_lowered_expecta\/"},"modified":"2011-02-09T18:00:55","modified_gmt":"2011-02-09T18:00:55","slug":"usa_today_as_equity_plummets_a_california_county_adjusts_to_lowered_expecta","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=24453","title":{"rendered":"(USA Today) As Home Equity plummets, a California county adjusts to lowered expectations"},"content":{"rendered":"<p>(Merced, California) Life has changed in ways big and small in this central California county, which is still trapped in the wreckage of a housing boom that went bust five years ago.<\/p>\n<p>The median home price, $116,000, is down 68% from its peak in 2006. Three of five homeowners with a mortgage here owe more on their loans than their houses are worth, compared with about one in five nationally.<\/p>\n<p>Socked by a sharp loss of property and sales tax revenue, Merced County and its cities have slashed budgets, workers and services. The grass is being mowed less often in city parks. A senior center is open fewer hours.<\/p>\n<p><a href=\"http:\/\/www.usatoday.com\/printedition\/news\/20110208\/1amercedcalif08_cv.art.htm\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Merced, California) Life has changed in ways big and small in this central California county, which is still trapped in the wreckage of a housing boom that went bust five years ago. The median home price, $116,000, is down 68%<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=24453\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,615,149,600,151,596],"tags":[],"class_list":["post-24453","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-city-government","category-economy","category-housingreal-estate-market","category-politics-in-general","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/24453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24453"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/24453\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}