South Bay Blogs

According to a report published by The Commerce Department, new home sales were up in July, which may make Wall Street’s investors feel a bit better after recent news of credit woes and fear of increasing foreclosures. Since mortgages are harder to get these days, August home sales are predicted by economists to slow down.

What’s wrong with slowing down home sales to people who really cannot afford to live above their means, but spend like they can? The consequences we see from today’s mortgage market is proof that when you artificially create an economy from a “potential” (i.e. credit instead of cash in the bank), it catches up with people who live in the short term or whose lifestyle requires complete stability of their earning potential. “Complete stability” to earn anything doesn’t happen in today’s society.

Attention: Toyota Truck and SUV Owners

“Catalytic Converter Theft Warning” (Courtesy of a local Boeing employee)

Just when you thought you’ve heard it all, something else comes along. Thieves are stealing catalytic converters off parked cars at an increasing rate. This is a trend that is happening all over the country and has recently found its way to El Segundo and other surrounding South Bay communities.

Chances are most vehicle owners don’t even know that they have a catalytic converter. But scrap metal thieves do. This device, mounted beneath your vehicle, helps control emissions as part of the exhaust system.

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