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state budget is $105B, the cuts in LAT options are only 5%-9% of the each category. Salaries comprise 80% of most segments, but they are untouchable, not even up for discussion. As barnaby33 has stated, CA is a high cost state. This is going to be a monumental fight.

My friend TG is a good guy who doesn’t have to deal with these slime ball lobbyists. But these slime balls helped create this mess. Lakers lobby and the beer lobby stopped beer and ticket tax. Instead we had massive car and sales tax that hits the working poor.

The prison guard union has been #1 lobby for decades, while other unions are right behind them. That lobbying helped create structural problems (super benefits) that are much worse than other states. Try to get that union job at the LA port district, the office job not the super skilled crane workers job. Easier to get in to CalTech. Most of these union jobs are closed to general public. Good GM jobs had 5 year wait lists in 80’s and 90’s.

But what do I know? I’m just a slumdog. Coulda been a millionaire and be able to see a Lakers game if I just listened to TG and bought F and more GE back in March.

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[quote=sdrealtor]All I can say is that this is not the way “everyone” thinks. I have plenty of short sale clients that have decided to honor their obligations and keep theh property rather than damage their credit. There are also others that are willing to take care of the property until it closes at considerable personal expense as well as those that have written 5 figure checks to settle with their lenders. Not everyone in CA is morally reprehensible.[/quote]
If someone can afford to pay back, they likely will. You can advise if they ask, but I’m sure you aren’t going to proscribe, right? And I’ll say it for you that it is not your “job”.

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[quote=sdrealtor]All I can say is that this is not the way “everyone” thinks. I have plenty of short sale clients that have decided to honor their obligations and keep theh property rather than damage their credit. There are also others that are willing to take care of the property until it closes at considerable personal expense as well as those that have written 5 figure checks to settle with their lenders. Not everyone in CA is morally reprehensible.[/quote]
If someone can afford to pay back, they likely will. You can advise if they ask, but I’m sure you aren’t going to proscribe, right? And I’ll say it for you that it is not your “job”.

[equalizer]

[quote=sdrealtor]All I can say is that this is not the way “everyone” thinks. I have plenty of short sale clients that have decided to honor their obligations and keep theh property rather than damage their credit. There are also others that are willing to take care of the property until it closes at considerable personal expense as well as those that have written 5 figure checks to settle with their lenders. Not everyone in CA is morally reprehensible.[/quote]
If someone can afford to pay back, they likely will. You can advise if they ask, but I’m sure you aren’t going to proscribe, right? And I’ll say it for you that it is not your “job”.

[equalizer]

[quote=sdrealtor]All I can say is that this is not the way “everyone” thinks. I have plenty of short sale clients that have decided to honor their obligations and keep theh property rather than damage their credit. There are also others that are willing to take care of the property until it closes at considerable personal expense as well as those that have written 5 figure checks to settle with their lenders. Not everyone in CA is morally reprehensible.[/quote]
If someone can afford to pay back, they likely will. You can advise if they ask, but I’m sure you aren’t going to proscribe, right? And I’ll say it for you that it is not your “job”.

[equalizer]

[quote=sdrealtor]All I can say is that this is not the way “everyone” thinks. I have plenty of short sale clients that have decided to honor their obligations and keep theh property rather than damage their credit. There are also others that are willing to take care of the property until it closes at considerable personal expense as well as those that have written 5 figure checks to settle with their lenders. Not everyone in CA is morally reprehensible.[/quote]
If someone can afford to pay back, they likely will. You can advise if they ask, but I’m sure you aren’t going to proscribe, right? And I’ll say it for you that it is not your “job”.

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[quote=ibjames]wow, so there is no sense of dignity left anymore, tis a sad time indeed.

The sad thing is people are still looking at houses like an investment. It’s a house, you live in it for crying out loud, and hopefully you pay it off and have an easier living when you are old.

If you were dumb enough to buy a 800 sq. ft place with your wife and child and you just had another kid then I guess it would have happened anyway, as you are just a dumbass that didn’t plan a damn thing. All this other nonsense just makes no sense at all.
Seriously, does anyone have any dignity anymore? Does everyone in CA bathe in snake oil? It sure seems that way[/quote]
This dilemma stems from crowd following. Normally it is very wise to ignore what others are doing, such as nieghbors getting that 760Li while you drive 15 year old econobox. However, the crowd’s home purchasing habits can NOT be ignored. If everyone is getting 5% down loans and you want to stick with 20% down and 30% ratios, you would have ended up in the 1 bd place. Now the market is hot and forcing people (who would like to wait) to panic and bid up again due to massive credits and other BS. Now that 1bd place is deep underwater, what do you do? Listen to us Piggs and stay put or walk away, leave the state to provide better for the kids? (extreme worst case example for effect)

What we need is flat market +/- 3%yr that will put a stop to all these foolish games/tragedies.

[equalizer]

[quote=ibjames]wow, so there is no sense of dignity left anymore, tis a sad time indeed.

The sad thing is people are still looking at houses like an investment. It’s a house, you live in it for crying out loud, and hopefully you pay it off and have an easier living when you are old.

If you were dumb enough to buy a 800 sq. ft place with your wife and child and you just had another kid then I guess it would have happened anyway, as you are just a dumbass that didn’t plan a damn thing. All this other nonsense just makes no sense at all.
Seriously, does anyone have any dignity anymore? Does everyone in CA bathe in snake oil? It sure seems that way[/quote]
This dilemma stems from crowd following. Normally it is very wise to ignore what others are doing, such as nieghbors getting that 760Li while you drive 15 year old econobox. However, the crowd’s home purchasing habits can NOT be ignored. If everyone is getting 5% down loans and you want to stick with 20% down and 30% ratios, you would have ended up in the 1 bd place. Now the market is hot and forcing people (who would like to wait) to panic and bid up again due to massive credits and other BS. Now that 1bd place is deep underwater, what do you do? Listen to us Piggs and stay put or walk away, leave the state to provide better for the kids? (extreme worst case example for effect)

What we need is flat market +/- 3%yr that will put a stop to all these foolish games/tragedies.

[equalizer]

[quote=ibjames]wow, so there is no sense of dignity left anymore, tis a sad time indeed.

The sad thing is people are still looking at houses like an investment. It’s a house, you live in it for crying out loud, and hopefully you pay it off and have an easier living when you are old.

If you were dumb enough to buy a 800 sq. ft place with your wife and child and you just had another kid then I guess it would have happened anyway, as you are just a dumbass that didn’t plan a damn thing. All this other nonsense just makes no sense at all.
Seriously, does anyone have any dignity anymore? Does everyone in CA bathe in snake oil? It sure seems that way[/quote]
This dilemma stems from crowd following. Normally it is very wise to ignore what others are doing, such as nieghbors getting that 760Li while you drive 15 year old econobox. However, the crowd’s home purchasing habits can NOT be ignored. If everyone is getting 5% down loans and you want to stick with 20% down and 30% ratios, you would have ended up in the 1 bd place. Now the market is hot and forcing people (who would like to wait) to panic and bid up again due to massive credits and other BS. Now that 1bd place is deep underwater, what do you do? Listen to us Piggs and stay put or walk away, leave the state to provide better for the kids? (extreme worst case example for effect)

What we need is flat market +/- 3%yr that will put a stop to all these foolish games/tragedies.

[equalizer]

[quote=ibjames]wow, so there is no sense of dignity left anymore, tis a sad time indeed.

The sad thing is people are still looking at houses like an investment. It’s a house, you live in it for crying out loud, and hopefully you pay it off and have an easier living when you are old.

If you were dumb enough to buy a 800 sq. ft place with your wife and child and you just had another kid then I guess it would have happened anyway, as you are just a dumbass that didn’t plan a damn thing. All this other nonsense just makes no sense at all.
Seriously, does anyone have any dignity anymore? Does everyone in CA bathe in snake oil? It sure seems that way[/quote]
This dilemma stems from crowd following. Normally it is very wise to ignore what others are doing, such as nieghbors getting that 760Li while you drive 15 year old econobox. However, the crowd’s home purchasing habits can NOT be ignored. If everyone is getting 5% down loans and you want to stick with 20% down and 30% ratios, you would have ended up in the 1 bd place. Now the market is hot and forcing people (who would like to wait) to panic and bid up again due to massive credits and other BS. Now that 1bd place is deep underwater, what do you do? Listen to us Piggs and stay put or walk away, leave the state to provide better for the kids? (extreme worst case example for effect)

What we need is flat market +/- 3%yr that will put a stop to all these foolish games/tragedies.

[equalizer]

[quote=ibjames]wow, so there is no sense of dignity left anymore, tis a sad time indeed.

The sad thing is people are still looking at houses like an investment. It’s a house, you live in it for crying out loud, and hopefully you pay it off and have an easier living when you are old.

If you were dumb enough to buy a 800 sq. ft place with your wife and child and you just had another kid then I guess it would have happened anyway, as you are just a dumbass that didn’t plan a damn thing. All this other nonsense just makes no sense at all.
Seriously, does anyone have any dignity anymore? Does everyone in CA bathe in snake oil? It sure seems that way[/quote]
This dilemma stems from crowd following. Normally it is very wise to ignore what others are doing, such as nieghbors getting that 760Li while you drive 15 year old econobox. However, the crowd’s home purchasing habits can NOT be ignored. If everyone is getting 5% down loans and you want to stick with 20% down and 30% ratios, you would have ended up in the 1 bd place. Now the market is hot and forcing people (who would like to wait) to panic and bid up again due to massive credits and other BS. Now that 1bd place is deep underwater, what do you do? Listen to us Piggs and stay put or walk away, leave the state to provide better for the kids? (extreme worst case example for effect)

What we need is flat market +/- 3%yr that will put a stop to all these foolish games/tragedies.

[equalizer]

Yep, the whole moral hazard that pits whats best for society as Roubini claims (cutting principal) vs setting a bad example.

News media always show the sick person losing home instead of the typical gambler who bet and lost.

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Yep, the whole moral hazard that pits whats best for society as Roubini claims (cutting principal) vs setting a bad example.

News media always show the sick person losing home instead of the typical gambler who bet and lost.

[equalizer]

Yep, the whole moral hazard that pits whats best for society as Roubini claims (cutting principal) vs setting a bad example.

News media always show the sick person losing home instead of the typical gambler who bet and lost.

[equalizer]

Yep, the whole moral hazard that pits whats best for society as Roubini claims (cutting principal) vs setting a bad example.

News media always show the sick person losing home instead of the typical gambler who bet and lost.

[Author]

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