Monday, January 15, 2018

College Debt Delaying Homeownership

Housingwire:
But now, a new study shows the student debt crisis could be worse than anyone thought. Currently, at nearly $1.4 trillion in outstanding loans, student debt is the second largest source of household debt after housing, and the only form of consumer debt than continued to grow after the Great Recession, according to a new report from The Brookings Institution, a nonprofit public policy organization.

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Hard to see a way out.  

Friday, January 12, 2018

Interim Montecito Update

Late to the party. Apologies.
Flooded 101 Overpass in Montecito
The mudslides are... well... there are no words. This is God sweeping his scythe across the land. CalTrans thinks they will have cleared the road and unclogged the culverts and inspected the surface to reopen the 101 late Monday. I suspect it will be Tuesday morning or even Wednesday. The "debris" is turning out to include bits of victims. Slows down the process obviously. The remaining Thomas Fires are small remote and not threatening. The missing persons list is down to 5 with no increase in death totals. Santa Barbara County has expanded the mandatory evacuation zone to facilitate clean up. They are forcibly removing people who were/are sheltering in place and comfortable for management reasons. They are projecting many weeks but more likely months before being allowed to return. The "Surfliner" Amtrak is running and I saw it pass through Oxnard earlier as full as I have ever seen it. The Channel Islands ferries are re-purposed for commuters past the freeway closure. Tens of billions worth of properties are affected but since 90% is in the value of the land I don't know how to value the actual losses.

Tuesday, January 09, 2018

Flooding in montecito

Mandatory evacuation Tues 09 Jan '18. 
This is a map of the recent mud flows that have destroyed many houses and snapped miles of telephone poles.  Click on the map and check out the for sale and recent selling prices. 

Monday, January 08, 2018

Sorm Clouds Over Burn Area

Camarillo looking north 08 Jan 18. Click to enlarge.
A short break in the system brought out this interesting cloud pattern.