Susan Silver‘s home town is LA and she told me about this great link to track the LA Food truck scene!
http://www.foodtrucksmap.com/la/
too bad that kobi tacos go only as far as Toyota in Torrance (but I admit, it makes sense to go there than come to a residential beach cities neighborhood…)!
Not to keep quoting the Economist but… it had a recent article about healthcare and why competition hasn’t driven down prices (hence making the case for government backed healthcare), and it cited gas prices as evidence that competition in some cases only sets market price to see how much consumers can bear, without necessarily driving it *down*.
Well, come to California and you’ll see that The Economist is yet again, correct. The Shell station at the corner of Prospect and Beryl has one of the highest prices in the neighborhood and it’s still in business, so someone’s buying.
And I don’t want to hear Europeans talking about how Americans are just paying what everyone else has been paying… we are comparing our gas prices today to our gas prices in the past, we’re not interested in comparing our gas prices to your gas prices.
Proof-reading my pharma leadership book manuscript. New neighbors moving into ($1.1M) million dollar home across the street. Snoop Dog playing on iTunes. Sipping coffee sweetened with agave. I am feeling very Californian right now.
The feds cutting interest rates can mean only one thing: mortgage lenders are jumping at the opportunity to persuade you to refinance your loan!
There’s just one catch: if you happen to be a responsible and conscientious borrower who locked in a jumbo loan at a 30-year fixed rate mortgage, your rates are probably better than what is being offered right now on the market.
At least, that’s what I’ve found: our jumbo loan 30 year fixed rate is 6.0% and as of today, most of the interest rates for jumbo loans hover in the low 6% but generally above 6.0%. I’ve seen some as high as over 7%! It is the non-jumbo 30 year fixed rate mortgages that have the attractive high 5% rates.
Unless you’ve lived in California for decades or traded “up” a house using the equity of your first house during the housing boom, you’re likely to be paying a jumbo mortgage, which is a loan exceeding $417,000.
From Reuters: “Sales of houses and condominiums in the most populous Southern California counties fell 29.9 percent from the previous month and 48.5 percent from a year earlier, DataQuick Information Systems said on Tuesday.
The report covers the counties of Los Angeles, Orange, San Diego, Riverside, San Bernardino and Ventura and showed a total of 12,455 new and existing homes and condos sold in September, the lowest since the company began recording the data in 1988.”
