Yo Southern California, people be careful. This may be a precursor. :(
- Thread starter easy_b
- Start date
If I was in Southern California, this story will make my eyebrow go way in the skyNice homes with zero equity.
Can you imagine still having to pay a mortgage on a home that is literally sinking into the earth.
Natural Disasters: Tips for Financial Preparedness
Natural disasters can be catastrophic in so many ways, and the recovery is never quick or easy. Be financially and mentally prepared with these resources.
www.americanfinancing.net
"You must continue to pay your mortgage even if your home is destroyed or unlivable due to a disaster. Failure to pay your mortgage could put your loan in default, which could trigger a foreclosure."
Do you take that 'L' and let the home go into foreclosure and live with loosing any equity that was generated? Unless you have a second home, its a fucked up situation compliments of nature.
Yep I agree with you and If the mortgage company want to take you to court you just show them these pictures and video. My huge concern with this is this may be a precursor to something bigger.Can you imagine still having to pay a mortgage on a home that is literally sinking into the earth.
Natural Disasters: Tips for Financial Preparedness
Natural disasters can be catastrophic in so many ways, and the recovery is never quick or easy. Be financially and mentally prepared with these resources.
"You must continue to pay your mortgage even if your home is destroyed or unlivable due to a disaster. Failure to pay your mortgage could put your loan in default, which could trigger a foreclosure."
Do you take that 'L' and let the home go into foreclosure and live with loosing any equity that was generated? Unless you have a second home, its a fucked up situation compliments of nature.
portugese bend/pv is one of the most beautiful areas in so cal. i've driven through that area for years...they literally re-pave the road every few weeks because of all the land shifts
the current landslides actually started in the late 1950's...they were building roads out there and hit an ancient landslide, reactivating it...it's been a slow motion deal ever since, now accelerating in areas...
what a nightmare...those are multimillion dollar neighborhoods...there is something for living in the flats
the current landslides actually started in the late 1950's...they were building roads out there and hit an ancient landslide, reactivating it...it's been a slow motion deal ever since, now accelerating in areas...
what a nightmare...those are multimillion dollar neighborhoods...there is something for living in the flats
Palos Verdes is a beautiful part of the City of LA, overlooking the ocean.
But it is eroding away... Tiger Woods had that accident up there. The homes are beautiful, but now they are uninsurable. They're going to try to shore up some of that area with huge rods or columns, but it doesn't look good for those folks at all.
But it is eroding away... Tiger Woods had that accident up there. The homes are beautiful, but now they are uninsurable. They're going to try to shore up some of that area with huge rods or columns, but it doesn't look good for those folks at all.
So they knowingly brought these home on lands that sink?
At first I felt bad for them but knowingly buying on shaky ground is foolish.
What that old proverb say about building a house sand versus a rock.
nah the homes weren't even built back then, the sliding was glacier slow. very heavy and wet changing weather patterns contributed to current state, along with other factors
along with the natural order of things...that mountain didn't come out of nowhere...millions of years of earth movement created it...now it's going the other way in some spots
it's the downside of natural selection...people want to live on a mountain or near a forest, or near the water...beautiful, but with risks
Similar threads
