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It was bound to happen. It is probably unavoidable for anyone to escape the cloud of California I.O.U.'s. Today one of my investment partners informed me that we received an I.O.U. from the State for space they lease in an office building where the State is one of the major tenants.

I'm sure our lender will be more than happy to take the I.O.U. instead of our regular mortgage payment -- for now -- maybe.

Continue reading California I.O.U.'s have hit home -- ugh!

California I.O.U.'s have hit home -- ugh! originally appeared on BloggingStocks on Fri, 10 Jul 2009 18:00:00 EST. Please see our terms for use of feeds.

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