Real Estate Culture
  • Home
  • What is My Home Worth?
  • About
  • Contact
  • FIRST TIME HOMEBUYER SEMINAR - REGISTER

Real Estate is a LIFESTYLE

  Real Estate is indeed a lifestyle.  From contemporary layouts & interior design/decor, the rise and fall in economic markets, turn key and rehab properties - to know & understand the grit of real estate is to love what it represents.  Home.  Value.  Wealth.  Security blanket.  Personal accomplishment.  
Enjoy the information on this site, and refer your family and friends to indulge in Real Estate Culture!

Is California's Housing Crisis Spinning Out of Control?  #realestate #homeownership #investment

7/25/2017

0 Comments

 
Picture
Source:  New York Times
​
California has a severe lack of affordable homes and apartments for middle-class families.  The median cost of a home in the state has surged to $500,000 - double the national cost.

A booming economy, home construction, and apartments that haven't kept up with demand have all fueled a housing crisis throughout the state.  Home prices in Los Angeles, San Francisco, San Jose, and San Diego have surged as much as 75 percent over the past five years alone.

Homelessness in California is also on the rise.  In Silicon Valley, lines of parked recreational vehicles can be found with people living inside them.  In Los Angeles, some local residents are reportedly installing makeshift kitchens and living in vans within quiet neighborhoods.

The state has introduced 130 housing measures this year.  Among one of the most recent actions, the Senate approved a bill to crack down on communities that have delayed or derailed housing construction proposals.  The bill would restrict the ability to use zoning, environmental, and procedural laws to kill projects that may be considered "out of character" with the neighborhood.  The bill is expected to be voted on again later this summer.

Check out the full story here:
https://www.nytimes.com/2017/07/17/us/california-housing-crisis.html


0 Comments



Leave a Reply.

    Archives

    December 2018
    July 2018
    February 2018
    January 2018
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016

    Categories

    All

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • Home
  • What is My Home Worth?
  • About
  • Contact
  • FIRST TIME HOMEBUYER SEMINAR - REGISTER