By Kevin Yamamura
Published: Tuesday, Sep. 27, 2011 – 12:00 am | Page 3A
Last Modified: Tuesday, Sep. 27, 2011 – 9:59 am
FIELD POLL | The economy
David Vargo bought three homes in the Sacramento region within the last 11 years.
He figures the value of his three-bedroom Natomas ranch house has plummeted more than 56 percent from its peak. Though the 64-year-old Vargo owns two of his houses outright, the paper losses were deep enough that he left retirement to work for the U.S. Census Bureau last year.
One in two California voters, including Vargo, say their financial well-being is worse off than a year ago, according to a new Field Poll released Tuesday. It marks the fourth straight year in which at least half of Californians reported a decline in their personal situation, the first time that has happened since Field began asking the question 50 years ago.
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