Yeah well keep in mind, scrap prices are in the toilet.A few years, back I was getting numbers like $350 @ gross ton for loads of #1 heavy melt. 

Specifically safety. molten asphalt is dangerous, and the way you melt it can also potentially burn down your structure. 

Why  well Dad is Japanese was a Billionaire got hammered int the Japanese melt down of mid 90s' and instructed the family and family trust that if you pay cash U can't lose your properties.. so thats what they have done all these years.. and you really can't argue with that if you have the cash and don't care about leverage.. thats the long term safe play.  

It seems like an ever changing melting pot of cultures and races.

Come on, Sylvia... the snowflakes will melt if they park on the street. 

Bruce Norris is not predicting a melt down or retrench in prices in LA anytime soon..

However in my real estate operations sleeping well at night has ALL to do with having a systematized approach to all phases of my 2 business models and removes outside influences and emotional biases.A pragmatic view  when considering things that are out of my control are what work for me. lt would be irresponsible of me to take action based on anything less than what IS happening rather than what MAY or MAY not happen.

In the mean time it just prolongs the agony of a slow melt down instead of a quick ending to the mess!

Im not however willing to pay the price in the event another processor melts down like this one has.

I think there are still the levels of: Very Hot HotPretty GoodGoodBefore we start thinking there is a melt down.