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It is true that at the moment, you really cannot stop California reverse mortgages since they are pretty much all over the place. Otherwise, one would probably have seen them come to an end by now since reverse mortgages all over the state have been around for a while now.

The reason these instances of California reverse mortgages are not coming down is purely because the state witnessed unparalleled construction activity during the housing boom in the US which lasted till about 2007. Hundreds and thousands of new houses were constructed with a frenzy, without paying much heed to the fact that there could be a correction in the market any time soon, which was anyway the case by 2008.

Naturally, the ramifications of this kind of an intense desire to construct incessantly had to play out for long, which is exactly what happened and is of course still happening in the form of reverse mortgages.

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