Posted on 07/10/2023 9:54:51 AM PDT by NohSpinZone
It’s California - they can probably just mail the keys to the lender (debt may even exceed pre-disaster value, so they may come out ahead.) It is possible to get a deficiency judgment in California, but most lenders don’t bother.
The video is from this weekend. Pretty bad damage. Looks like an 8.0 quake hit that street.
The name “Rolling Hills” should have clued them in.
That’s OK, insurance will cover it...well until it doesn’t./s
Meh...I always heard it was going to slide into the ocean. It is taking far too long for that too happen.
More than 50 years ago there was a popular song about California falling into the ocean. People were advised to tie up their boats in Idaho.
What mess.
I have family in Cali - mostly around the San Joaquin Valley. I’ve told them for many years they gotta get out, because I’m going to throw a party when it finally happens. I tell them I’ll feel bad about it, but I’m still throwing that party. Lol.
Good point. Lots of names have a correlation with historical fact. If you’re lost in Death Valley in the peak of summer, you might want to be worried.
We joke about California, but I’m sorry these people are having to go through this.
trouble is there will be no repreussions for building on a landslide area just like there seems to be no reprecussions when one builds on a flood plain....SOMEBODY else always pays....
I joke about California all the time and I live here. But I feel for these people whose lives have been upturned. Many families with children are impacted.
“One minute you are house-rich, the next you are house-poor. “
Hey, now... you’re coming dangerously close to asserting that migration between socioeconomic categories is actually a thing. You know as well as I do that the L.A. Times et. al. will vehemently deny that to their dying day. If these homeowners can become poor, then for sure there’s poor folks who can escape poverty, and then what would become of all these leftist Poverty Industry Workers?
Interesting seeing beautiful x- million-dollar houses getting crushed by nature. All that hard construction labor n work, down the drain.
Not to worry....... the realtors and developers got their fees
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