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Confusion on CA housing market brings flurry of legislation

Debate over California’s housing situation ratcheted up amid conflicting data and a flurry of new legislation designed to mitigate high prices and low supply.  Analysts have separated into two camps around Golden State real estate, one more bullish than the

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California scrambles to pick up housing pace

  The rush is on to find a way to amp up available housing in California. Amid new reports claiming that housing has become unaffordable across the state, legislators, officials and activists have begun a rush for solutions.  “In its first

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CalWatchdog Morning Read – July 26

  Women stand to make only modest gains in Legislature in November Gavin Newsom has habit of plagiarism Housing solution: Building units in back yards? Local governments to further restrict new development “Where did California’s savings from reducing drug penalties go?” 

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Middle class squeezed in Bay Area

Driven by shifting economics, demographics, and changing definitions of moderate prosperity, middle class Californians in areas once rife with new arrivals — and dominated by Democratic voters — have begun looking for the residential exits.  Statewide struggle Both the Bay Area

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New influx of federal funding for CA mortgage relief

  The federal government has supplied California with additional funds and time to continue its multi-year foreclosure relief program. The effort “intended to prevent home foreclosures that was expected to shut down next year is instead being expanded and extended following a new influx

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Developer fees targeted by legislation as cities battle housing costs

Rent control is on the march in California, addressing years of leases that have increased to as much as 43 percent over the national average for a one-bedroom apartment. In the last year, rent has increased 6.5 percent in the

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CA housing becomes political football

To borrow one metaphor, California’s housing market has become a double-edged sword, reminiscent of the bonanza days before the 2008 economic crisis. That’s why, to borrow another, it has also become a political football. With residents increasingly priced out of the state’s coastal metropolises, politicians

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CA high court upholds affordable housing requirement

Many Golden State developers must now include so-called affordable housing units in their sales plans. The California Supreme Court sided against the builders, who brought a contentious, high-profile suit against municipal policymakers. “At issue was a 2010 San Jose law that requires some new residential

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Housing report by Legislative Analyst raises affordability questions

The California Legislative Analyst’s new report on housing costs puts numbers to what housing-hunters know on the ground: affordable housing in the state’s coastal areas is scarce and getting scarcer. But the report itself raises new questions. According to the

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Seniors join ‘new’ homeless

I’m gettin’ up there in years myself — 60 in June. So I’m sympathetic. The latest crisis to hit California is that its massively high cost of living is pushing seniors out onto the streets. Social Security checks, small pensions

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