Tag "housing"

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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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CA suffers country’s most expensive real estate

Who can afford to live here? The Los Angeles Times reported: Los Angeles County is the second-least affordable housing market in the country for a middle-class family…. That’s according to a new report out Tuesday from real estate website Trulia,

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In Silicon Valley, liberal pols look to drive up cost of housing

The emergence of Silicon Valley as one of the wealthiest places in the world has led to plenty of media coverage that points out how it has become a poster child for income inequality. This is from a March Associated

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High housing costs slug CA

Another report details how housing costs continue to slug Californians. From the Bee: Except for those living in the state’s most remote rural areas, Californians must contend with the nation’s highest housing costs, both rental and ownership, relative to their incomes, a

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