Scenario is this: son bought a home for his mother, he’s on the note alone but both are on title as joint tenants.

I’m a Realtor, so I also have access to the MLS, and have a son in another market I look at with MLS access, and a pretty good realtor in the market we have flipped in.

If the houses look run down, not kept up, it's most likely not Class A  and look at what's surrounding the neighborhood as far as types of businesses (check cashing, bars on their windows).Bay Area (it can be neighborhood by neighborhood and street by street) I don't know the Peninsula well but expensive Palo Alto would be Class A to me:Class A: Orinda, Lafayette, Moraga, Walnut Creek, San Ramon, Danville, Dublin, Pleasanton, maybe parts of Pleasant Hill and Concord, parts of  Pinole?

She left her home to her son and my gf and her now deceased bother and 2 sistersg and any surving children of her other children.

For example - Mother dies May 1st and house is in a trust, leaving home to son  who is living there. 

My son in law is a General Contractor in Baltimore and says he can find a shell in Balto County for $100K and could fix it up for me for another $100K.

I broker deals for my sons, and even though they are buying single-family rentals (classified as residential) I'm able to serve them with a "commercial mindset" and we look at the deals from that perspective. 

My son just got married to a German young lady and they teach it over there....her spending/saving habits are incredible.Re your questions, I'm far from an economist but from what I hear discussed, the real worry is having this situation get so bad that we are no longer used as the world's reserve currency.

Years ago we shared a campfire with a man and his son, they were being offered an exclusive contract to fabricate kitchens for McDonalds.

Big bad wolf aint got S#@* on you!