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Hating Landlords Misplaces The Blame

Hating Landlords Misplaces The Blame

by Gary Galles “No wonder people f—–g hate landlords.” That was what comedian Andy Richter tweeted (since-deleted). What caused that reaction? A landlord wanted six months advance rent on an apartment he was seeking for his son. However, that expletive reflects misunderstanding rather than justifiable derision, of a type I call greedy-bastard economics. In greedy-bastard […]

20.2% Increase In California Construction Employment, 10th Largest In U.S.

20.2% Increase In California Construction Employment, 10th Largest In U.S.

By Mike LaFirenza While the potential for trillions of dollars of new infrastructure spending looms on the horizon, America’s construction industry is struggling to even keep pace with current demand for new homes, businesses, roads, and bridges. A shortage of supplies and employees has created ongoing challenges for construction firms and their customers. “The home […]

California Has The 13th Most Residents Behind On Mortgage Payments

California Has The 13th Most Residents Behind On Mortgage Payments

After a year and a half of the COVID-19 pandemic, many of the policies put in place to protect homeowners and renters are coming to an end, and this fall could see a wave of foreclosures and evictions as a result. From early on in the pandemic, policymakers enacted measures to protect renters and homeowners […]

California Has 85.5% Mortgage Loan Approval Rate, Above Average

California Has 85.5% Mortgage Loan Approval Rate, Above Average

Pent-up demand from the pandemic, low interest rates, and a shortage of properties have created a booming housing market with near record levels of refinance activity. While typical home values have increased by 15% from a year ago, the housing market is expected to stay hot in many cities through the end of the year […]

California Is The 18th Best-Paying State For Roofers

California Is The 18th Best-Paying State For Roofers

The COVID-19 pandemic has caused long-lasting economic disruption in many industries, but one field that is poised for continued growth coming out of the pandemic is construction trades, including roofers. The occupational outlook for roofers from the U.S. Bureau of Labor Statistics estimates that nearly 15,000 roofing jobs will come open annually through 2029. But […]

Report: Prop. 13 Saves California Taxpayers $2.4B Each Year

Report: Prop. 13 Saves California Taxpayers $2.4B Each Year

By Cole Lauterbach | The Center Square Homes in California’s Riverside County. Jacob Findlay / Shutterstock (The Center Square) – A report examining California’s local ballot measures that raised taxes found hundreds of initiatives passed over the past decade, costing taxpayers billions of dollars every year. Local taxes or tax increases require voter approval in California, […]

Following SCOTUS Ruling, Gomez, Pressley, Bush, Ocasio-Cortez and Colleagues Call for Congress to Act on Eviction Moratorium

Following SCOTUS Ruling, Gomez, Pressley, Bush, Ocasio-Cortez and Colleagues Call for Congress to Act on Eviction Moratorium

Press Release LOS ANGELES – In response to the U.S. Supreme Court’s ruling striking down the Centers for Disease Control and Prevention’s (CDC) most recent eviction moratorium, Congressman Jimmy Gomez (CA-34), along with Representatives Ayanna Pressley (MA-07), Cori Bush (MO-01), and Alexandria Ocasio-Cortez (NY-14), sent a letter to Speaker Nancy Pelosi and Senate Majority Leader […]

The Lumber Market Crash

The Lumber Market Crash

It was inevitable that lumber prices would eventually return to some state of normalcy. I wrote an article less than 50 days ago noting that futures and cash prices, despite having quadrupled in slightly over a year, had dropped 40% in June 2021. Pandemic measures were being lifted, the effect of stimulus payments were receding, and owing […]

California Population Grew 1.2% Since 2015

California Population Grew 1.2% Since 2015

It’s no secret that America’s most popular cities from a century ago, like New York and Chicago, have actually been shrinking in recent years, but even newer destinations like Los Angeles are also falling from their peak populations. Instead, U.S. residents are flocking to up-and-coming hotspots in the South and West. A hundred years ago, […]

‘Every Democrat Should Be Ashamed’: Republican Leaders Demand Pelosi Brings House Back To Solve Renter Crisis

‘Every Democrat Should Be Ashamed’: Republican Leaders Demand Pelosi Brings House Back To Solve Renter Crisis

by Thomas Catenacci Nearly 40 Republican lawmakers urged Speaker Nancy Pelosi to bring the House back in session to pass a permanent solution to the renter crisis in a letter Friday. “Every Democrat should be ashamed of their failure to protect renters from the threat of eviction by eliminating the back rent they owe, which […]