[The-Shoveler]

LA OC or SD which is worse for road anger ?

From my experience SD, then OC seem to have the most Road anger going on.

LA you would think would be the worse but I guess people there are just resigned to the idea that traffic is going to suck.

Maybe that’s what we need to do, keep saying that traffic in SD sucks in every news cast so people get used to the idea that traffic sucks here and if they don’t like it they should move to Dallas where traffic will still suck but far more of the public is armed LOL.

[The-Shoveler]

I have not seen the crazy “no nothing” NINA loans yet.

without those you really are not going to get the hyper bubble IMO.

[The-Shoveler]

It’s about a 100 degrees on the sand (at the beach),
Very unusual

[The-Shoveler]

The 40% was a guesstimate but you will have to trust me, it is not far off.

[The-Shoveler]

When you have had 40% of the housing stock turned over since 2009 what do you think.

[The-Shoveler]

In the markets I have been looking they have been ruthlessly cleared out, there was no holding back as far as I can see.

[The-Shoveler]

Well at the end of the day I don’t see a big crash in Socal at least IMO.
There is just not the large amount of foreclosures anymore here and they are just not building enough new stock.

Also I never saw the Wallstreet guys here, maybe someone else did ?

I just don’t think they were involved in this market.

[The-Shoveler]

Pretty much all coastal California, South Florida, NY and maybe Boston, but OK.

L.A. is smoking Hot also.

To most foreigners our top cities are ridiculous bargains

[The-Shoveler]

It’s probably not what they think it is either.

Things are slowing a little, but different markets are much different.

[The-Shoveler]

Very Simple,
Lets say you have a husband & wife, If the Husband only puts the reverse mortgage in his name.
And the husband kicks the bucket; usually the surviving wife gets booted from the home.
Everyone in the home who expects to be in the house till they “kick it” needs to be on the mortgage.

At least that is the way I understand it.

[The-Shoveler]

I guess we should be hoping Texas steals more of Ca population.
At this point I honestly don’t think it will make a dent.

[The-Shoveler]

I saw an article that LA/OC/SD were going to become one big mega City over the next 50 or so years.
Kind of like driving on the 5 from Anaheim until you get to Castaic LOL.
I hope they have automated flying cars.

[The-Shoveler]

I definitely think reverse mortgage will be big for boomers.

If they can get about 50% equity in a house, it will allow them to live payment free.

This is the only way I would use it, If it was owned outright I would not do this IMO.

Just make sure everyone who needs to be on the mortgage is on it. That seems to be the biggest issue that comes up.

[The-Shoveler]

Housing cost can be quite high in Dallas as well in the better parts.

RE taxes can be quite high also especially if you got a little land with it.

My colleague was telling me she was paying over 16K a year on her Dallas 300K home (out in the Burbs) traffic was just as bad as L.A. at rush hour.

They need to run the Air conditioner about 6 or more months out of the year.

[The-Shoveler]

When I was younger, surfing meant a lot to me,
Now walking on the beach at least once a week means a lot to me.

I don’t know what you would do in Dallas besides work.

I would not move but that is just me.

That is another great thing about SD,

The temperature is almost always just perfect for taking long walks on the beach,

[Author]

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