New California real estate bust: Can the GOP save the GOP?

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After a series of years of GOP dominance in California, a new report says the party will not be able to salvage the state’s Republican majority.

Trulia real-estate analyst Dan Hirsch says Republicans could lose control of the state Legislature, but the real estate market is still recovering from a severe drought that has cut California’s population by half in recent years. 

With the party’s gubernatorial nominee running for governor in 2018, there’s no guarantee that the GOP will have a shot at taking the majority in the state legislature, Hirsch said. 

“I think there’s going to be a lot of people who are looking to get out of the legislature, and they’ll find that that is not the best outcome for them,” Hirsch told The American Conservatives. 

Hirsch said the real-net worth of California Republicans fell by $3 billion last year, which is “a huge loss.” 

The report said the losses were due to a combination of demographics, economic woes and the state government’s handling of the wildfires. 

The Republican-led legislature had to make significant cuts to schools, the Medicaid program for the poor, the unemployment benefits, and social services in order to provide enough money to keep the state afloat during the state-wide economic downturn, the report said.

The state also has a population of about 1.2 million, down from about 1 million a decade ago.

The report also said there was a $9.7 billion shortfall in public-sector pensions and benefits. 

Trump’s political fortunes have been improving since he became president.

In 2016, Trump’s Republican primary opponent, Democrat Pete Wilson, lost the primary election to Trump. 

After Wilson won the election, Trump won the general election.

He then became governor. 

While Trump is a Republican, California has a Democratic governor, Gavin Newsom, and a majority of the California Legislature, and it is not clear whether the Republican-controlled legislature will be able pass legislation that would stabilize California’s economy. 

For more news on the 2018 election, click here.

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