Simi Valley, CA : Sunset and White Face taken on Lost Canyon’s Golf Course Lack of affordable housing in Ventura County? What is going on here? A recent article in Simi Valley Acorn said, “Because the economy has improved and prices are rising, residents once again find it difficult to buy homes in the area. Those who can’t buy, rent, but repeated studies have shown that even rents are now beyond the reach of the average wage earner.” A recent report from the national Low Income Housing Coalition found that it takes an hourly wage of $29, or about $60,000 a year, to afford the average two-bedroom apartment in Ventura County. […]

Michael Witte – Found on online.wsj.com Reverse mortgages—they are the last thing that your clients would ever want, and they are the first thing they need as a last resort. Such are the opposing, yet surprisingly complimentary, views of what is still for many a highly controversial topic. The National Foundation for Credit Counseling® (NFCC) reported in a March, 2014 survey that 71% of Americans are worried about their financial situation. You’ve seen the ads for the financial planning company who interviews an individual in a taxi worried about his financial future. The interviewee says he has a life expectancy of 24 years, but only enough retirement savings for 15 years. Even with these worries in mind, adults who are spending less than the previous year continues to decline from 57% in 2009 to 29% in 2014. […]