by jpitney | Sep 29, 2024 | California Politics, Housing, Local Government, Regulation
Miles Warner at The Santa Monica Daily Press: This week we found out officially, what many of us already know experientially, that Santa Monica is the most expensive city to conduct business in. Our academic neighbors to the East, Claremont McKenna College’s...
by jpitney | Aug 24, 2024 | California Politics, Housing, Regulation
From the Council of Economic Advisers [emphasis added]: While some permitting requirements serve an important purpose, such as ensuring structural, electrical, plumbing, and mechanical safety and environmental protection, the rise of unnecessary and onerous permitting...
by jpitney | Aug 13, 2024 | Housing, Insurance
Levi Sumagaysay at CalMatters: Like single-family homeowners in California, landlords are facing higher insurance premiums, too. And they’re passing along some of those costs to their tenants. Many insurance companies have stopped writing policies in the state...
by jpitney | Jun 19, 2024 | California Politics, Housing
From the California Association of Realtors: Mortgage rates that surged to their highest levels since late last year hampered California home sales in May on both a monthly and an annual basis, while the statewide median home price exceeded $900,000 for the second...
by jpitney | May 30, 2024 | California Politics, Housing
Christine Mai-Duc at WSJ: When California legislators voted in 2021 to eliminate zoning laws that require neighborhoods to have only single family homes, supporters celebrated it as a tool to alleviate the state’s crippling housing shortage. Opponents said it heralded...
by jpitney | May 23, 2024 | California Politics, Economic Policy, Housing
Andrew Khouri at LAT: Want a house in California? It’ll likely cost you over $900,000. The statewide median sales price for a previously owned single-family house surpassed $900,000 for the first time in April, a shocking figure that underscores just how unaffordable...
