More workers left Ca.than moved in
From 2007 to 2013, Ca lost 247,515 more workers than it gained. Housing is the main culprit. It’s the biggest item in the budget and affordability has gone way down in the last few years and income did not keep up. Most of thos who left earn less than 50 a year.
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This is from an L.A.Times article. on the hottest neighborhoods for 2015. Sorry L.A. did not make the list.
“In the Los Angeles area, the 2015 winners were Fox Hills in Culver City, California Heights in Long Beach, Cheviot Hills on the Westside, Leimert Park in South L.A. and a neighborhood surrounding Jefferson Boulevard in Culver City.
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This Ca. board of realtors update is HUGE.
I have been talking for years about the fact that i have been doing deals in 4 states and Ca. is the only state that does not have a clause in the contract that prohibited assignments. Contract law is federal- not state specific. Contract law states that unless assignment in mentioned in the contract, that contract is automatically assignable. So i never put in “and or assigns”.
Read more on California board of realtors updated the contract…
People in foreclosure are crazy.
It’s is a lesson in human psychology. It’s amazing how people procrastinate even in the face of disaster.
Which is a better loan- FHA or conventional
Fha just lowered the cost of mortgage insurance by 12 point so that makes payments lower. They also reinstituted the 3% down payment so if cost is then important thing, it’s a good deal.
Read more on Are FHA loans a good choice…