Dr. HousingBubble reports:
«Recent data shows that the shadow inventory figure is starting to decline nationwide. However in high priced markets particularly in California there is little movement in the shadow inventory. To the contrary, notice of defaults for California raged up nearly 70% in the last month of data. In other words while the pipeline nationwide for shadow inventory may be declining at a slow turtle like pace, little of this is happening in high priced markets with absurd levels of hidden inventory like in Beverly Hills or Culver City for example.
Adding fuel to the fire, the incredibly high mortgage limits are set to expire which will keep the faux-bourgeoisie from buying their $1 million shack in a preferred zip code simply by going into massive debt. They will now need to come to the table with some solid cash and a respectable income. Realtors are bemoaning this and trying to fight tooth and nail to keep it in place because they realize how phony some of these buyers are in terms of their actual net worth.»
The City of Long Beach Department of Health and Human Services (Health Department) is informing residents who want to stop smoking that they now have another resource to help them quit. All Los Angeles County residents are now eligible to receive a free 1-month supply of nicotine patches by calling 1-800-NO-BUTTS.
The free nicotine patches are being distributed through the California Smoker’s Helpline (1-800-NO-BUTTS), which offers multi-lingual services including Spanish, Vietnamese, Cantonese, Mandarin, and Korean. The Helpline is a free telephone counseling resource to help smokers develop a quit plan and assist them through the quit process. Applicants for the free nicotine patches must be over the age of 18 and have a Los Angeles County mailing address.
For more information regarding the Health Department Tobacco Education Program, please contact Eipryl Tello, Interim Tobacco Education Program Coordinator, at 562-570-7950 or visit www.longbeach.gov/health
This Sunday, on the 10th anniversary of the attacks, a memorial here will be unveiled to the public for the first time: the Beverly Hills 9/11 Memorial Garden.
Beverly Hills Fire Chief Timothy Scranton — who was working at Beverly Hills Fire Station 2 on Sept. 11, 2001 — spearheaded the Memorial Garden project.
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