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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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Why CA has an affordable housing crisis
What a long strange trip it’s been for the Pebble Beach Company since it unveiled its Del Monte Forest development plan all the way back in 1987. In the ensuing 27 years, PBC has revised its plan innumerable times only
Read MoreNIMBYism slams CA economy
July 19, 2013 By Joseph Perkins Chris Thornberg is one of the most astute analysts of the California housing market. Back in 2005, when he was senior economist for Anderson UCLA Forecast, he appeared on a San Francisco radio show
Read MoreHemet abuses redevelopment
May 6, 2013 By Nick Sibilla Carina Alvarez has a dream for a comfortable retirement. But it’s turning into a bureaucratic nightmare. Carina bought a four-plex on Mobley Lane in Hemet for $170,000 back in 2010 as an investment. She
Read MoreBad news for CA housing recovery
July 9, 2012 By Steven Greenhut SACRAMENTO — Just as the housing industry is showing signs of recovery, California’s Democratic officials have concocted a “solution” that adds regulations and higher costs to the foreclosure process. These are the same officials
Read MoreCA Liberals Blocking Housing for Poor
MARCH 21, 2012 By WAYNE LUSVARDI We are hearing a lot about how California cannot close a $10 billion budget gap. But California has allowed 400 redevelopment agencies to retain about $2 billion in funds set aside for so-called “affordable
Read MoreBrown: Botch Housing Even More
John Seiler: The housing crisis of recent years was caused by the government itself. The Federal Reserve Board — a quasi-private bank whose directors are appointed by the president — has debased the dollar while keeping interest rates artificially low.
Read MoreMarket, Not Govt., Builds Cheaper Housing
JAN. 17, 2012 By WAYNE LUSVARDI Is the demise of redevelopment hurting the poor? El Monte Mayor Andre Quintero says it is. He’s bemoaning that, when Gov. Jerry Brown and the Legislature killed redevelopment, the source of funds for affordable
Read MoreKey Graph Shows Housing Boom-Bust
John Seiler: Except for Nevada, California was hardest hit by the boom-bust of the housing market during the previous decade. Most explanations show how prices doubled or even tripled in many places — then crashed back down to earth, in
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