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Ventura County Community Development Corporation Awarded $50,000 From Bank Of America Charitable Foundation

Ventura County Community Development Corporation Awarded $50,000 From Bank Of America Charitable Foundation

(OXNARD, CA) The Ventura County Community Development Corporation (VCCDC) received a $50,000 grant from Bank of America to help continue the organization’s mission to increase homeownership and economic stability to low- and moderate-income families and individuals in Ventura, Santa Barbara, Kern, and Los Angeles Counties. This is the largest support received to-date by Bank of […]

California Has 0.2% Decrease In Homeownership Since 2010

California Has 0.2% Decrease In Homeownership Since 2010

Mike LaFirenza The COVID-19 pandemic created divergent fortunes for different parts of the income scale, and housing provides some of the starkest examples. Low-income earners were more likely to lose their jobs or have hours cut back and as a result relied more on government stimulus measures like direct payments, expanded unemployment benefits, eviction moratoriums, […]

California Has Most Overleveraged Homeowners In U.S.

California Has Most Overleveraged Homeowners In U.S.

Mike LaFirenza Housing prices in the U.S. have reached record levels during the COVID-19 pandemic and show little sign of slowing down. A combination of strong demand, low inventory of existing homes, and constraints on new construction due to labor and supply shortages have sent prices sharply upward, with the median home sales price in […]

California Has 2nd Lowest Homeownership Rate In U.S.

California Has 2nd Lowest Homeownership Rate In U.S.

Mike LaFirenza Income inequality has been a major social, political, and economic issue since the Great Recession, and the uneven effects of the COVID-19 economy has only made the gaps between America’s haves and have-nots even starker. These divergent economic fortunes will continue to have a major effect on housing in the U.S. During the […]

California Homeowners Spend Most On Housing

California Homeowners Spend Most On Housing

Mike LaFirenza Housing prices in the U.S. have been on a steep upward trajectory over the last year and are continuing to climb. Unusual economic conditions, strong demand for homes, and record low inventory have made the residential real estate market highly competitive and sent prices skyrocketing. According to data from the Department of Housing […]

‘My Income Has Dropped To Zero’: About 45% Of Small Businesses Risk Closure Within Months

‘My Income Has Dropped To Zero’: About 45% Of Small Businesses Risk Closure Within Months

THOMAS CATENACCI CONTRIBUTOR At least 13.9 million of the nation’s small businesses are at serious risk of shuttering their doors by April 1, a recent industry report found. Forty-four percent of the country’s 31.7 million small businesses are at risk of closing by the end of the first quarter, according to small business group Alignable. Small businesses […]

US Household Net Worth Surged to Record High in 2nd Quarter

US Household Net Worth Surged to Record High in 2nd Quarter

BY TOM OZIMEK   American household wealth has hit a historic high, with savings accounts and equity portfolios seeing a big boost from federal pandemic relief and surging stock markets, according to a Federal Reserve report. The Fed’s most recent Flow of Funds report, released Sept. 21, provides a snapshot of the wealth and income of U.S. households and […]

Universal Basic Income

Universal Basic Income

    By Jim Sullivan The idea of a Universal Basic Income (UBI) came about primarily as a result of job losses caused by globalization and the automation of jobs through robotics.  In addition, we have the seemingly ever present and growing problems of homelessness and inequality in the United States. Several countries and some […]

The Second 100 Days (Trump Briefs: May 27-June 2/Day 128-134) Week 19

The Second 100 Days (Trump Briefs: May 27-June 2/Day 128-134) Week 19

By Michael Hernandez   Saturday, May 27 (Day 128): Melania Trump:  “Your sacrifices do not go unnoticed”  “This trip has been incredible for me as First Lady,” Melania Trump said.  “I also want to take a moment to thank you all for the sacrifices you make on behalf of our country.   To the families who […]

Make America Great Again

Make America Great Again

By: Peter Schiff, President and CEO Euro Pacific Capital   Donald Trump’s critics have heaped scorn on his calls for protective tariffs to deal with America’s widening trade imbalance and the resulting loss of higher–paying blue color jobs. Some have accused him of trying to turn back the clock in pursuit of a cheap populist ploy […]

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