Mountain House, a development in San Joaquin County, achieved notoriety during the economic meltdown as the most underwater community in America, with a huge percentage of homeowners whose mortgage debt exceeded the value of their properties. The state senator who represents the area, Cathleen Galgiani, is carrying legislation that would provide state income tax relief to taxpayers whose mortgages have been reduced.
Mountain House, a development in San Joaquin County, achieved notoriety during the economic meltdown as the most underwater community in America, with a huge percentage of homeowners whose mortgage debt exceeded the value of their properties. The state senator who represents the area, Cathleen Galgiani, is carrying legislation that would provide state income tax relief to taxpayers whose mortgages have been reduced. Manny Crisostomo Sacramento Bee file
Mountain House, a development in San Joaquin County, achieved notoriety during the economic meltdown as the most underwater community in America, with a huge percentage of homeowners whose mortgage debt exceeded the value of their properties. The state senator who represents the area, Cathleen Galgiani, is carrying legislation that would provide state income tax relief to taxpayers whose mortgages have been reduced. Manny Crisostomo Sacramento Bee file
Dan Walters

Dan Walters

Observations on California and its politics

Dan Walters: California slow to adopt mortgage tax relief

April 05, 2016 04:07 PM

UPDATED April 06, 2016 07:45 AM

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Dan Walters' column appears in dozens of California newspapers. He joined the Sacramento Union’s Capitol bureau in 1975 and in 1981 began writing the state’s only daily newspaper column devoted to California political, economic and social events. He and the column moved to The Sacramento Bee in 1984. Contact him at dwalters@sacbee.com or 916-321-1195. Twitter: @WaltersBee