the amount of wealth in southern california is mind-boggling

Nothing lasts forever, and very few foresaw the housing market collapse or the savings and loan collapse. Almost the entire reason the stock market is up since Trump was elected is investors are betting on him rolling back financial regulations and cutting corporate taxes (there hasn't been much real growth). If those things do not go through, you will see the markets take a serious dip). Trump took out Yellen, who was trying to keep growth in check, it will be interesting to see how Powell runs things (if he is another . If we get inflation and interest rates rise, all of those multimillion dollar homes will be worth hundreds of thousands less. Add to that the fact that the top 5 economies have a collective debt almost equal to their GDP and you are looking at a powder keg ready to explode (especially in the US and Japan where the debt to GDP ratio is off the charts).

paisano wrote:

mile after mile of villas and mansions on hillsides. they're everywhere. malibu, santa barbara, beverly hills, bel air, palos verdes, pasadena and its environs, orange county, la jolla, the list goes on and on. it's humbling and a bit depressing to see so many people with more money than you.

Depressing? I think it's inspiring. I like to go door to door through the rich neighborhoods near me and thank everyone for being makers and not takers. If it weren't for them and their big mansions, none of us would have jobs. And if we give them even more money and even bigger mansions, our jobs will get even better and soon we'll all be rich! That's how the economy works! Thank you rich people!

paisano wrote:

mile after mile of villas and mansions on hillsides. they're everywhere. malibu, santa barbara, beverly hills, bel air, palos verdes, pasadena and its environs, orange county, la jolla, the list goes on and on. it's humbling and a bit depressing to see so many people with more money than you.

If Southern CA real estate depresses you, I highly suggest not checking out Northern CA real estate.

Your lack of faith is something that I truly pity paisano. We were created for a reason.

You may not be sad, but I surely feel sad for you friend. Hopefully you figure it out before it's too late.

I'm guessing you are single and haven't quite gotten a handle on things yet. I will say a prayer for you tonight, it will help---both of us.

You know what lasts forever? SoCal being nicer than whatever rat trap dump you call home. Hillbilly.

Shade Tree economist wrote:

You know what lasts forever? SoCal being nicer than whatever rat trap dump you call home. Hillbilly.

Wait... you mean to tell me that this literal rat trap dump doesn't exist in SoCal???

GFY

Look thru the Clouds Friend wrote:

Your lack of faith is something that I truly pity paisano. We were created for a reason.

You may not be sad, but I surely feel sad for you friend. Hopefully you figure it out before it's too late.

I'm guessing you are single and haven't quite gotten a handle on things yet. I will say a prayer for you tonight, it will help---both of us.

Are you still clinging on to a bronze-age fairy tale to feel good? It's crazy, most of the self-described religious Christians I've met have been among the nastiest, least pleasant people to be around. Filled with the holy spirit? Or filled with their own delusions?

Not every prison has bars.

People making fun of people on the coast driving luxury cars and being in debt is ridiculous. For most people on the coast, they get paid higher than in the Midwest and the south where even with them buying luxury cars, compared to their income, it’s much better income/spending ratio than midwesterners buying economy cars as their income is much lower. Obviously, it’s not true for everyone, but in general it’s true.

The Bible is real. A guy named Bob didn't sit around writing it---perhaps Paul and others did.

God is real and so is his son Jesus Christ.

I don't know any nasty Christians or unpleasant ones. I live in a well populated area and have met very few nasty or unpleasant people in general, not truly knowing if they are Christians or not. Trust me, if I shared my name and city, you wouldn't believe it. Again, I will say a pray for you and I hope you eventually find salvation and the peace that you are surely lacking friend. Life is a lesson and how you treat others does matter;). Peace brother.

They 'll just have the government bail them out.

Lever up! I'm just be interested to see how much more levered up people are with debt/equity to coastal areas like the northeast.

If heard anecdotally that those in LA and south are more apt to "save" with money "out front". Ie minimal retirement savings in equity market and higher debt in real estate, etc. Also have heard the car thing is true. Cars are status but leased - never owned.

If they're happy, more power to 'em. We could all be gone like Torrance tomorrow.

To the guy who seems envious of money...make a change to a more lucrative path. I had a job I liked but 12 years ago made a total career change to a field where I could make more money, uncapped. All about risk and reward. I see folks around me particularly entrepreneurs who've made it doing fabulous, more power to them.

Lever up! I'm just be interested to see how much more levered up people are with debt/equity to coastal areas like the northeast.

If heard anecdotally that those in LA and south are more apt to "save" with money "out front". Ie minimal retirement savings in equity market and higher debt in real estate, etc. Also have heard the car thing is true. Cars are status but leased - never owned.

If they're happy, more power to 'em. We could all be gone like Torrance tomorrow.

To the guy who seems envious of money...make a change to a more lucrative path. I had a job I liked but 12 years ago made a total career change to a field where I could make more money, uncapped. All about risk and reward. I see folks around me particularly entrepreneurs who've made it doing fabulous, more power to them.

"Not every prison has bars." Exactly.

Worshipping money is ridiculous. Kids, I've warned you about people like that.

So Cal is the 1st area of the world ever in history built by sportsmen for athletes and recreation. There has yet to be another area like So Cal.

fire and brimestone wrote:

and just like sodom and gamorrah, this area will be destroyed by drought, fire and earthquakes. just wait....when a big ol 8.0 and higher ricgter scale quake hits this area, and its during a bit drought and a massive cali style forest fire is ranging like what happend this year,....booom it will be devestation, and i wont be sad at all

Well, I'm sad for you.

You know what lasts forever? SoCal being nicer than whatever rat trap dump you call home. Hillbilly.[/quote]

I am in CA a half a dozen times each year for work. Other than San Diego, I am not all that enamored with the place, and it is definitely better to be home. LA is pretty much a pit other than a few bright spots. The beauty of where I live is I can drive 15 minutes at any time of day and be on quality mountain trails with nobody around, in LA it takes 15 minutes to go 2 miles on the highway. And my house that cost $220k would run well north of a million in LA (closer to 2 million in the bay area). Enjoy the smog and traffic you hipster doofus.

+1000 Socal, home of millions of ugly warehouses, thousands of square miles or urban sprawl, excessive heat and brown. But hey dude, it's sunny! Yeah, so is the Sahara, dipshiit. Blech.

joedirt wrote:

You know what lasts forever? SoCal being nicer than whatever rat trap dump you call home. Hillbilly.

I am in CA a half a dozen times each year for work. Other than San Diego, I am not all that enamored with the place, and it is definitely better to be home. LA is pretty much a pit other than a few bright spots. The beauty of where I live is I can drive 15 minutes at any time of day and be on quality mountain trails with nobody around, in LA it takes 15 minutes to go 2 miles on the highway. And my house that cost $220k would run well north of a million in LA (closer to 2 million in the bay area). Enjoy the smog and traffic you hipster doofus.[/quote]

paisano wrote:

mile after mile of villas and mansions on hillsides. they're everywhere. malibu, santa barbara, beverly hills, bel air, palos verdes, pasadena and its environs, orange county, la jolla, the list goes on and on. it's humbling and a bit depressing to see so many people with more money than you.

What do you mean, "more money than you"?

You have no idea how much money I have