· California’s housing crisis – it’s even worse than you think. The McKinsey Global Institute found that housing shortages cost the economy between.
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The affordable housing crisis has been a central focus of policies and elections in recent years in Los Angeles County and across the state of California. Half of California’s households struggle to afford a roof over their head, and homeownership in the state – once a pillar of the American dream, and a primary form of wealth-creation.
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The growing strength of the new US economy, improving employment and wages, demographics and good personal debt situation of most Americans keeps pushing stock and housing prices to new records. Yet, a high number of investors and homebuyers are still concerned about a housing bubble and housing market crash in 2018 or 2019.
· The American Housing Crisis Might Be Our Next Big Political Issue. Out of the 23 states that under-produced, the worst culprit, unsurprisingly, was California, with a shortage of 3.4 million homes. But some low-cost states like Idaho and Michigan under-produced, too.
“The impact will be gigantic,” says Rob Wiener. “People talk all the time about the housing crisis in California,” she says, sitting in her wheelchair in her apartment, the walls decorated with.
Can California Governor Gavin Newsom Help Solve the Housing Crisis? by David Atkins.. California’s economy is the 5th largest in. some Fox News acolytes may indeed leave to go where the.
There is a sentence buried in a 2007 San Francisco planning commission study that would appear to refute one of the most visible housing activist movements in California. the affordable housing.
Home Depot co-founder Bernie Marcus’ fear mongering about Rep. Alexandria Ocasio-Cortez’ and Sen. Elizabeth Warren’s "socialism" in the U.S. was too much even for Fox News host Neil Cavuto.
· California’s housing crisis: The hardest part is living with someone who I don’t know.’. The state’s housing shortage is forcing people like Nancy Avalos, a Sacramento mother of three, out of their homes. By. Up Next. The state’s housing shortage is forcing people like Nancy Avalos, a Sacramento mother of three, out of their homes.