Times' hatred of California marches on....yesterday our drug addicted lawyers today our overpriced real estate both apparently unknown in NY
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California's especially the bay areas market is sky rocketing because we don't protect our real estate from foreign buyers.
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A vast quantity of real estate is owned by foreign nationals who flip it as rentals pricing out low income families. Avg rent is > 3500.
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I make more than the nurse and the only reason i got a house was because I got lucky during tje 2008-2009 slump.
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Socialism works well. If you are really rich, or really poor. But if you are in the middle...Not so well. Dems will destroy California...
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? CA is not socialist. Middle-class owns homes here; this is good news for them, means that property is increasing in value again
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Are u serious? Do most people rent or own homes? Do most millennial rent or buy homes? Most of Ca is unaffordable for the middle class.
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No, cost of living is higher. Read the article -- a *nurse* makes 180k/year. Easy to afford a 500k house on that salary.
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We call it a bubble. California's boom-bust-repeat cycle has been going on for 100 years.
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Jesus read the actual article. It's about local govt not wanting to build housing for wealthy vs the state gov wanting more construction
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When ur making almost $200k and can't afford a home near ur job, that is def a housing crises!
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Life long NorCal here and it stinks. Traffic jams, expensive everywhere and everything.
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And Terrible Landlords increasing, like our bad Legislators hmmm The lumpy orange man for example.
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Every municipality can break out the varying job types in their zip code - urban planning should include housing to satisfy those job types
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This focuses on gov but in my area corporations want to build profit generating RE- not low profit affordable housing for workers.
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I think more regulations will help drive down costs . HAHAHAHAHAHA...ouch quit it, ouch quit it, ouch quit it, ouch quit it, ouch quit it
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That's because the Republicans in California are stonewalling true progressive policies
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Resort areas always have working people housing shortages and California is like one giant resort now.
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This is the new stickers Cat home just 0.99$ Discover on ebay now: http://www.ebay.com/itm/122603083682 …
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