deadmeat
Premium
join:2003-03-21
Sonoma, CA | reply to dogma
Re: California; More Leaving, Less Coming
People leaving = quitters. |
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Lovehound
join:2005-08-18
Northridge, CA
| reply to dogma
Just making a joke dude. 
Seriously, I plan to leave CA in the next several years when I retire, to get away from the traffic, crime, hassle, prices, all the negative things associated with living in a major city. To be fair there are good things here that won't be available in the place I'll probably move to (somewhere in the Southwest) such as shopping, entertainment, wide variety of ethnic restaurants and markets, etc.
I like the outdoors and I'll move to some place with plenty of hiking, fishing, nature photography, 4x4 exploring, etc. What I can't get on the Internet I'll do without.
I'd leave now but it's difficult to near impossible to get work in my profession (electronic engineering) except in L.A. or other similarly large cities. |
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mhy
join:2000-08-25
Los Angeles, CA | reply to deadmeat
People arriving = illegals |
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Bill
Light Up The Halo
Premium,VIP
join:2001-12-09
clubs: | reply to dogma
Does this surprise anyone? |
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Lovehound
join:2005-08-18
Northridge, CA
| reply to mhy
said by mhy  :People arriving = illegals That could have something to do with legals leaving. It's a factor in my case.
California is presently about 33 percent Latino, and I suspect Los Angeles County is nearing the 50 percent level. Of course most of them are here legally, just Americans of Latino descent, but there are significant numbers of illegals and they contribute significantly to the loss of quality of life--a motivating factor causing many of us to want to leave.
When you think of Los Angeles, consider Miami. That's what Los Angeles will be like in 20 years. Miami but with hills.
I don't want to be in a minority. And I don't blame Latinos for wanting to be a majority one bit. It's self interest for all of us. We want to be with our own kind. Los Angeles and California are going to be for Latinos if the present trend continues. |
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deadmeat
Premium
join:2003-03-21
Sonoma, CA | Your people? Who the hell are you? Moses? |
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jinjimbob
Troy Mcclure
join:2001-11-13
| reply to dogma
said by dogma :Found this article in the L.A. Times yesterday: » www.latimes.com/business/la-fi-o···ll.storyBasically, voodoo economics on Meth smoked in a well seasoned crack pipe...otherwise known as "pay option" mortgage loans. Here one can get a $300K no-down loan (or even worse, a re-fi or HeLOC) for about $1000/Mo. You have the "option" of paying an absolute minimum...for a while. Of course in 4 years, the payment automatically jumps to almost $3000/Mo. And more than likely, the $300K principal would then be $350K. Think only an idiot would go for such a scam? Think again; said by L.A. Times :
In the first eight months of 2006, even as the real estate market began to weaken amid fears of a downturn, the appeal increased again. Nearly 1 in 3 California loan applicants are now choosing them. The state boasts about 580,000 active pay option mortgages, about half the U.S. total.
The article features this 56-year old guy (I imagine there are at least 2 million Californians in this same situation) that lives in Corona who blew almost $200K in re-fi's over the years...and now it's time to pay the piper. If he sold his house today, he would need to bring about $35K to the closing, which he doesn't have, and then he would be homeless, without a dime to his name. Of course, he blames it on 9/11 and his loan broker. Wow, that guy was an idiot with his head in the clouds.
"Comparable homes in his neighborhood fetch more than $400,000. With fresh paint and a few repairs, Hertzberg could probably sell his place for $275,000 more than he paid.
He would see little of that, however, because he's already seen so much. Over the years he has taken out $190,000 in cash through refinancings.
Hertzberg's home equity paid off his credit cards, financed trips around the world that allowed him to indulge his passion for photography, bought a $32,000 Toyota Avalon and enabled some lousy investments." |
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