Friday, June 6, 2008

The Cost of Living in California

You really don't want to live here in California right now. Things are getting out of control. Gas prices have jumped for regular gas to $4.39. If you have diesel, you are paying $5.00 a gallon.

You can't sell your house. People are having their homes foreclosed on every day. We are lucky because we were able to refinance. We now have a 30 year mortgage. We did have an 7-year arm mortgage but it wasn't coming due for another year and then our payment would have doubled. This is the biggest problem for people around here. They bought high, expected to be able to handle their payments, and then their 1-year arm mortgage came due. They were left with very little option. They could not sell, could not handle the payments, and had to leave their houses behind. Very sad!

The food prices are high. Most people can relate to this problem.

People are being laid off because the companies can't afford their bills.

I could go on and on about all the problems. These are problems everyone deals with from time to time, every day. When is this madness going to end!!

You keep hearing that things will turn around very soon. When is that time happening?

Hold onto your family. Try to have a good outlook. Smile and laugh. What else can you do? You might as well enjoy yourself.

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