Category Archives: Economy
Key California housing bills enter the home stretch
Source: The Mercury News As Californians reel from sky-high rents and home prices fueled by the economic boom, state lawmakers return Monday from their summer recess to debate proposals attacking the housing crisis. In the feverish final four weeks of … Continue reading
Faced with a housing crisis, California could further restrict supply
Source: The Economist Champions of expanded rent control argue that it will allow cities to protect and increase their stock of affordable housing. “We need tools to prevent price gouging,” says Elena Popp, executive director of the Eviction Defence Network, … Continue reading
Nightmare 90-minute ‘super commutes’ more common as Bay Area housing shortage intensifies
Source: Housing Wire The Stockton region now leads the nation in its share of commuters who spend 90 minutes or more getting to work, according to a study released Wednesday by Apartment List. Ten percent of the region’s commuters made … Continue reading
Number of multigenerational households hit all-time highs
Source: Housing Wire The share of Americans living in multigenerational households, homes with two or more adult generations, hit an all-time high in 2016, according to a new analysis of U.S. Census Bureau data from the Pew Research Center. In … Continue reading
Bay Area trend: Low earners move out, high earners move in
Source: The Sacramento Bee New residents to the Bay Area are earning far more than the people they’re chasing out, a new report says, pushing up home prices and highlighting the gap between owners and renters in Silicon Valley. Lower … Continue reading
‘Extreme’ rent control could be coming to California soon
Source: The Sacramento Bee A costly and potentially bruising campaign is taking shape over rent control in California, with deep-pocketed Los Angeles activist Michael Weinstein bankrolling a proposed November ballot initiative to repeal a state law that sets tight limits … Continue reading
