Even Mobile Homes are Getting too Expensive in Silicon Valley
As Silicon Valley continues to thrive economically, its residents are starting to feel the pain of the rising amount of rent that they have to pay in order to remain in the area. Even mobile homes are starting to get too expensive for the residents and many of them happen to be older residents. One
Continue Reading
Many People in California Cannot Afford a Median-Priced Home
According to a report by the California Association of Realtors (CAR), which is based in Los Angeles, only 32 percent of California households could afford to buy a median-priced home in the first quarter of this year. The report has the median-price of a home at $496,620 and this is the 16th consecutive quarter that
Continue Reading
HUD Claims $84,500 a year Qualifies as Low Income in Orange County
The United States Department of Housing and Urban Development (HUD) released new income limits last month and it turns out that a family of four that has an annual income of $84,450 or less qualifies as low income in Orange County. Even a single person living alone and earning $58,450 or less a year qualifies
Continue Reading
People Moving Away from New York is a good sign for the U.S. Economy
There are a large number of people moving out of the New York region, which seems bad but it is actually a good thing. Since 2010, over a million people have moved out of the New York region, which is a large amount of people. This is actually a good sign that the improved economy
Continue Reading
California State University Los Angeles To Offer Black Only Dorms
Cal State Los Angeles is offering dorms for black students who want to be separated from the rest of the student body. Higher education has played a key role in bringing together people from diverse ethnic, social economic and culture backgrounds in order to provide the student body with a more rounded perspective of the
Continue Reading
Turning Around California’s Foreclosure Market Requires An Investment
By John Ford The Great Recession of 2008 collapsed our housing market and foreclosures skyrocketed. More than seven years later, as home values are beginning to move upward, there are still economic caution flags. California isn’t out of the woods yet; we grapple with some of the highest numbers of foreclosures in the nation. In
Continue Reading
Turf Rebates Are Failures, “Largely Gimmicks†– 1/2 Gallon A Day Saved
To the thousands of Californian’s who tried doing their part during the drought, by ripping out their lawns, a new audit by the Los Angeles City Controller’s office found that the turf rebate programs largely a “gimmick.†These programs yielded the lowest return on water conservation – it was a failure. In an audit released Friday by L.A. City Controller Ron Galperin’s
Continue Reading
Rent in Las Vegas, Fly To Work in SF, Save $1,244 a Month
Judy Dutton with realtor.com has an interesting article looking at the high rents in San Francisco and calculated that it was less expensive to live in Las Vegas, fly to work in San Francisco and at the end of the month, you will have saved approximately $1,244. Think about it:Â The average rent for a one-bedroom
Continue Reading
Did HUD Secretary Julian Castro Admits Obama Care Designed To Buy Hispanic Vote?
Appearing on MSNBC, Department of Housing and Urban Development Secretary Julian Castro says “Hispanics have been among the biggest beneficiaries of the Affordable Care Act†and the reason that Clinton has “strong†support in the Hispanic community is because she has a “long track record of supporting the issues that Hispanics… care about.†Steve Guest, media reporter added
Continue Reading
UCLA: California Housing Will Get Less Affordable
UCLA Anderson Forecast Senior Economist Jerry Nickelsburg wrote in his forecast that government agencies need to reconsider their policies surrounding affordable housing if they hope to make a dent in the problem. “The economics are clear,†he wrote. “When affordable housing is provided, say by requiring developers to have a fixed percentage of their new
Continue Reading
