So-Cal Real Estate Investors

We live in interesting times these days with the unusual combination of all-time record highs for weather extremes, home prices, mortgage and overall consumer debt, and insurance costs. To learn more details, here's my article published on October 21, 2024 that's entitled Weather Extremes, Homes, and Insurance Risks

In this 1-hour online Zoom presentation, I will share details about what to do if you lose your insurance coverage protection for reasons like floods, fires, or severe wind damage risks.

You will also learn whether or not the California FAIR plan, which is described as "the insurance plan of last resort," is a state-backed insurance plan or a pooled private insurance company plan.

Did you know that less than 2% of California homeowners carry flood insurance? Did you also know that water damage is usually the #1 cause of home damage across the U.S.?

All-Time Record Credit Card Delinquency Rates
There is not a single state in the U.S. today with less than a 10% credit card delinquency rate for their residents as credit card APRs are near 28% to 40% in 2024, depending upon the credit card issuer and the borrowers’ creditworthiness.

States like Alabama, Louisiana, and Mississippi have credit card default rates within the 31% to 39% range. Back near the depths of the Great Recession in April 2009 when credit card rates were closer to 12%, the national credit card delinquency rate was only 6.77%.

Yet, home prices still remain at or near all-time record high levels in a high percentage of regions across the nation. How is this all possible with the national home purchase numbers here in 2024 being as low as back in 1995?

I look forward to seeing you on December 6th.

Thank you,

Rick Tobin
Realloans.com