They share the same problem, their evenomy is supported by inflated real estate prices. Mortgage bundles support business loans, when one fails, the other dries up!
It has been an easy high income investment, so a lot of businesses have dumped a lot of their cash there. When it drops by 75%, which is about the inflated rate there; it will break a significant portion of the tech industries.
This is exactly what happened in Tokyo, including the mortgages used as a guarantee.
:'(
RE: California continues to saw off the limb they are sitting on, by attacking their own citizens; to support invaders!