07/19/2019

News

Lawsuit Aiming To Protect Historic Theater Could Halt Affordable Housing, Placer officials Say

Saying that a major development project places Auburn’s historic DeWitt Theater in danger of demolition, a citizens group has sued Placer County – a move that jeopardizes a plan for badly needed affordable housing, county officials say. The lawsuit, filed May 22 by Concerned Citizens for Community and Public Lands, challenges the Placer County Government […]

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If California Had City Income Taxes, Would More Homes Get Built?

If California is serious about fixing its housing challenges, it should wean its cities off the sales tax gravy train. Until local municipalities are properly motivated to build, not much will change. And the only persuasion that makes cities jump is cash. Currently, cities are addicted to boosting sales tax collection because it’s about the […]

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These Are The Least Affordable Housing Markets In The US, Study Says

As housing affordability Opens a New Window.  remains a major concern for Americans, a recent analysis determined America’s least affordable housing markets. 24/7 Wall Street Opens a New Window.  analyzed ATTOM Data Solutions’ Q1 2019 U.S. Home Affordability Report Opens a New Window.  and found the 25 areas where the housing market was not affordable. […]

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A silver wave? California braces for elderly boom that could overburden state

Virginia Kidd has rented her apartment in midtown Sacramento for 12 years. The retired Sacramento State professor lives there with her cats and enjoys helping out at the local library. At 78, she said she has been lucky to age with minimal health issues so far, but she sometimes worries about what she would do […]

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Politicians Missing In Action On Housing

When the year began, the Legislature and Gov. Gavin Newsom had just two must-do jobs – pass a state budget and do something meaningful about the state’s chronic and corrosive shortage of housing. The budget is a slam-dunk, thanks to the state’s fat treasury. Housing, however, is a smellier kettle of political fish. Midway through […]

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L.A. Is Swamped With 311 Complaints Over Homeless Camps. But Are The Cleanups Pointless?

Austin Yi said he couldn’t take it anymore. Noise from the tents along Shatto Place rose to his third-floor Koreatown apartment at night: yelling, screaming, the clanging of tools as people repaired bikes. When he couldn’t drown out the racket with white noise, the 27-year-old and his wife would drag blankets into the hallway to […]

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Developers And Unions “Not Close” On Deal To Spur Housing Construction

In January, two of the biggest adversaries in California housing politics appeared on the verge of detente. California developers and the construction unions that build their homes were reportedly near a deal that both sides hoped would unleash a bounty of homebuilding across the state. Developers would agree to employ more unionized carpenters, plumbers and […]

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Homelessness Grows In California Despite New Government Spending

California’s homeless population is going up despite billions of dollars in taxpayer-funded efforts, according to recently released data and officials. Homelessness jumped 12% and 16% from a year ago in the county and city of Los Angeles, respectively, according to figures released this week based on a count conducted in January. The tally showed 58,936 […]

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Facebook Expansion Could Be Affected If Menlo Park Approves A Proposed Development Ban

Frustrated with a growing housing and jobs imbalance, two Menlo Park council members are proposing a citywide moratorium on all non-residential developments. If approved by a majority of council members, the moratorium could disrupt Facebook’s massive redevelopment plan, which is expected to add more than 6,000 employees to its Bayfront Expressway campus. City staff is […]

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California’s Answer To The Housing Shortage? Anything But Housing

California lawmakers appear increasingly willing to advance every response to the housing shortage that does not entail building housing. The latest example is legislation by Assemblyman David Chiu, D-San Francisco, to cap rent increases across the state, which the Assembly took the remarkable step of passing Wednesday. The bill, AB1482, would limit annual rent increases […]

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Bay Area Home Sales Drop, Prices Turn Flat

The Bay Area housing market turned noticeably sluggish during April, according to a report released Thursday that sketched a picture of flat prices and tumbling sales. The median price in the Bay Area of a previously owned home remained unchanged in April at $900,000, compared with the same month in 2018, according to a report […]

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“I Got Mine”

The numbers in California tell a dire story these days: In 2018, despite low unemployment and high wages, the state’s population grew at its slowest rate in history. Fewer people are coming and more people are leaving because it’s very hard to find a place to live. In the past two years, homelessness is up […]

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Amid Housing Slowdown, Southern California Prices Rise Slightly In April

The sluggish Southern California housing market showed signs of perking up in April, as prices ticked up one month after they fell for the first time since 2012. In a report released Wednesday, real estate firm CoreLogic said the six-county median sales price climbed 1.4% from a year earlier to $527,500. Sales, meanwhile, were up […]

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California Lawmakers Weaken Plans To Protect Tenants From Big Rent Hikes And Evictions

An effort to temporarily protect California tenants from steep rent hikes cleared a major hurdle in the Legislature on Wednesday, even as other measures meant to insulate renters from the state’s rising housing costs continue to fall short at the Capitol. A bill to cap annual rent hikes statewide at 7% plus inflation cleared the […]

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Will California Ever Deal With Its Worsening Housing Dilemma?

The state Department of Finance reported this month that California, which has a stubborn and growing shortage of housing, added just 77,000 houses, apartments and condos in 2018. Actually, private and public housing developers drew permits for well over 100,000 units, and about that many were constructed. But a whopping 23,700 existing homes were burned […]

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