Thanks David. I am not surprised to see so many CA counties (19) on this list. Especially not after our expeariece with our daughter trying to by a home and the "creative" finacing she was being offered. I think most of the CA abstractors could have named off the counties that would end up on that list. New home building in those counties was and still seems to be out of control. People have ended up in these huge homes with mortgages to match. Most of the counties on the list are "commuter" counties. People bought them because they were cheaper but miles from where they work. If you have a job you probably don't get cost of living raises any longer... if you even get a raise. Gas is expensive, food cost have gone up, their car insurance is high because they commute... and now their mortgage is going up. I think most figured by the time the mortgage went up... so would their income... and maybe their credit rating would improve so they could refinance. Some of the counties on that list are in the most expensive areas of CA... where young couples pay $500K to get into a 600 sq foot condo.
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