Housing
Blog
West Coast cities need to catch up on office-to-home conversions
Some buildings are in the pipeline, just waiting for approval, but many cities need to do more improving of infrastructure, cleanliness and safety in order to thrive. In a sign of good news, more office-to-residential conversions have developed in cities as distinct as Cleveland, Houston and Washington, D.C. The West ...
Blog
New Rankings Confirm California’s Status as Too Restrictive for Homebuilding
In fact, those nine are all among the bottom 15. Los Angeles landed in the middle of the rankings, even though its “composite price levels” are 8.6 times higher than income, higher than San Jose (7.9), San Diego (7.7), San Francisco (7.6) and even New York City (6.6). California, was ...
Blog
Read the latest from PRI's Free Cities Center
Can cities keep up as California steps up housing lawsuits?
Housing Element parameters are determined by the state, guiding cities and counties to produce sufficient inventory to accommodate community needs. While Regional Housing Needs Allocation (RHNA) numbers get updated every eight years, what is planned for – and what is actually built – have long differed. The state this year ...
Blog
Beyond rate cuts: Revived housing requires zoning reform
Recent reports by USC researchers and market analysts suggest that California’s already pricey housing stock requires far more than an interest rate cut to balance out, meaning an onrush of moderately priced units aren’t likely in the near term. But there has been further legislation from Sacramento this past session ...
Blog
Squatters’ Blues
“California homeowners are facing an ongoing squatter crisis across Los Angeles,” Newsweek reported in May. Based on comments from Daniel Yukelson, executive director of the Apartment Association of Greater Los Angeles, Newsweek said that “thousands of homes are being invaded by squatters who live in them without paying rent, and ...
Blog
Read the latest from PRI's Free Cities Center
Democratic plan would bring turmoil to housing markets
A century ago, the federal government involved itself hardly at all in housing, leaving that to state and local governments, and the market. The major exception was housing on federal land, including the District of Columbia, other territories and military bases. That changed in 1937 when, as part of President ...
Blog
Read about latest taxpayer-funded giveaway for undocumented immigrants
Newsom Gets One Right in Vetoing Downpayment Aid for Undocumented
Had he signed it, the legislation would have forbidden applicants seeking financial aid for home purchases through the state’s housing purchase assistance program, created by a previous bill, from being “disqualified solely based on the applicant’s immigration status.” But as the governor said in his veto message, funding for the ...
California
Learn about the problems with LA's Measure ULA
Yet another example of a tax that didn’t live up to its promises
Measure ULA, approved by nearly 58% of the voters, initially imposed a 4% “mansion tax” on the sales of any homes or commercial properties valued at more than $5 million. The rate jumped to 5.5% on sales above $10 million. The thresholds increased to $5.15 million and $10.3 million on ...
Blog
Learn about the problems with rent control
Rent-control madness is coming to California’s November ballot
Indeed, the so-called Justice for Renters Act features this simple text: “The state may not limit the right of any city, county, or city and county to maintain, enact or expand residential rent control.” If voters approve the initiative, it would repeal the Costa-Hawkins Rental Control Act. That 1995 law ...
California
Read the latest on Project Homekey
Disregard the spin. Project Roomkey is failing
In a blatant attempt to rewrite history, Gov. Gavin Newsom claims that Project Roomkey was a great success, which provides important lessons for other states. The only lesson other states should take from the governor’s program is what not to do. To facilitate this revision, research firm Abt Global was contracted ...
West Coast cities need to catch up on office-to-home conversions
Some buildings are in the pipeline, just waiting for approval, but many cities need to do more improving of infrastructure, cleanliness and safety in order to thrive. In a sign of good news, more office-to-residential conversions have developed in cities as distinct as Cleveland, Houston and Washington, D.C. The West ...
New Rankings Confirm California’s Status as Too Restrictive for Homebuilding
In fact, those nine are all among the bottom 15. Los Angeles landed in the middle of the rankings, even though its “composite price levels” are 8.6 times higher than income, higher than San Jose (7.9), San Diego (7.7), San Francisco (7.6) and even New York City (6.6). California, was ...
Read the latest from PRI's Free Cities Center
Can cities keep up as California steps up housing lawsuits?
Housing Element parameters are determined by the state, guiding cities and counties to produce sufficient inventory to accommodate community needs. While Regional Housing Needs Allocation (RHNA) numbers get updated every eight years, what is planned for – and what is actually built – have long differed. The state this year ...
Beyond rate cuts: Revived housing requires zoning reform
Recent reports by USC researchers and market analysts suggest that California’s already pricey housing stock requires far more than an interest rate cut to balance out, meaning an onrush of moderately priced units aren’t likely in the near term. But there has been further legislation from Sacramento this past session ...
Squatters’ Blues
“California homeowners are facing an ongoing squatter crisis across Los Angeles,” Newsweek reported in May. Based on comments from Daniel Yukelson, executive director of the Apartment Association of Greater Los Angeles, Newsweek said that “thousands of homes are being invaded by squatters who live in them without paying rent, and ...
Read the latest from PRI's Free Cities Center
Democratic plan would bring turmoil to housing markets
A century ago, the federal government involved itself hardly at all in housing, leaving that to state and local governments, and the market. The major exception was housing on federal land, including the District of Columbia, other territories and military bases. That changed in 1937 when, as part of President ...
Read about latest taxpayer-funded giveaway for undocumented immigrants
Newsom Gets One Right in Vetoing Downpayment Aid for Undocumented
Had he signed it, the legislation would have forbidden applicants seeking financial aid for home purchases through the state’s housing purchase assistance program, created by a previous bill, from being “disqualified solely based on the applicant’s immigration status.” But as the governor said in his veto message, funding for the ...
Learn about the problems with LA's Measure ULA
Yet another example of a tax that didn’t live up to its promises
Measure ULA, approved by nearly 58% of the voters, initially imposed a 4% “mansion tax” on the sales of any homes or commercial properties valued at more than $5 million. The rate jumped to 5.5% on sales above $10 million. The thresholds increased to $5.15 million and $10.3 million on ...
Learn about the problems with rent control
Rent-control madness is coming to California’s November ballot
Indeed, the so-called Justice for Renters Act features this simple text: “The state may not limit the right of any city, county, or city and county to maintain, enact or expand residential rent control.” If voters approve the initiative, it would repeal the Costa-Hawkins Rental Control Act. That 1995 law ...
Read the latest on Project Homekey
Disregard the spin. Project Roomkey is failing
In a blatant attempt to rewrite history, Gov. Gavin Newsom claims that Project Roomkey was a great success, which provides important lessons for other states. The only lesson other states should take from the governor’s program is what not to do. To facilitate this revision, research firm Abt Global was contracted ...
