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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: scotty-d who wrote (88724)	7/13/2009 4:12:01 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

It's very bad everywhere. Most of us have not seen anything worse in a lifetime.

To: scotty-d who wrote (88724)	7/13/2009 5:18:05 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 94695

My Grandparents said the Great Depression was mostly about what you didn't see. During the Depression people moved to where the jobs were, which was usually the cities. In Los Angeles many owners could not afford to maintain their grand old homes and they, or the foreclosing bank, slowly changed more and more of them into informal rooming houses to accommodate the influx of people needing low cost housing as wages declined. This trend became the rule during WW-II. During the 1930s and after the War, most of these large homes used as rooming houses as well as others were formally subdivided into apartments. This has already been occurring over the past three years in many Southern California neighborhoods as owners rent out rooms to help them make their mortgage payments. Foreclosed homes often have one to six additional tenants, in addition to the home owner. I know one woman who rented out her spare bedrooms and put in a wall and door to convert the dining room in her Westwood Village home into another apartment. .