There are a ton of words in my head that I just can’t say out loud. What I want to say is uncomfortable for people to hear.
SHIT IS FUCKED UP.
Not just in El Segundo, or Los Angeles but GLOBALLY.
I can’t speak on global economic terms but I can share my experience studying economics and the local real estate market. If only one person reads this and takes away a grain of information that helps then I will have accomplished something.
Take everything I write with a pinch of salt, I’m not a professional economist, don’t get paid to give financial advice and for all I know I could be proven dead wrong.
About me – middle aged, married, kids. Formerly a home owner in the southbay, moved to El Segundo for the schools/kids but couldn’t find a house worth buying so we rent.
I’m 100% short the stock market. I firmly believe that a day of reckoning is coming that will make the financial crisis of 2008 look like a warm up game.
I made enough money from the sale of our previous home that I could retire and not work in many parts of this country. In El Segundo that amount is called a down payment.