ipl-logo

Essay On House Shortage In California

569 Words3 Pages

The Impact of house shortage in California It has been nearly 6 years of rising house prices for the state of California. The question everyone is asking is whether 2018 will be the seventh year home prices go up or the year when the market stalls. Californians are spending so much, at least $50 billion in housing more than they do for other activities such as shopping which only means that the high costs in housing are crowding out the personal consumptions and more cash is going to the landlords and to the lenders instead. Earlier projections shows housing costs will continue rise through 2018 even though the gains may be smaller. The supply for new homes sales will fail to keep up with the demand and that will fuel a more cutthroat bidding war. More to that, we expect that the rents will keep rising with the apartment vacancies staying all-time lows. Evidently, homebuilding in California hasn’t been able to keep up with the growth and that is negatively impacting most of the Californians. More shocking is that California ranks dead last in the housing construction on per capita basis in the most recent years. To compensate for this deficit in housing, it would mean that the state of California has to build 3.5 million homes by the year 2025, roughly …show more content…

Obviously, change doesn’t come easy, and in California, there is resistance and the challenge therein is to overcome the barriers presently, whether political, cultural, regulatory or even economic, if these challenges were to be overcome, then new dawn is upon the face of the state. For the last three years, studies have been piling up on the problem currently facing California. The legislature produced a 15-bill package that is meant to speed up the homebuilding process for the state which will boost affordable housing

Show More
Related

Pros And Cons Of Proposition 13 In California

620 Words | 3 Pages

In major areas like Los Angeles and especially San Francisco, longer term residents are paying way less than new homeowners, and that says a lot since California is the third most expensive real estate market, behind Hawaii and Washington D.C. Older residents especially are reaping the

Read More

Summary Of Chapter 15 Of California Government And Politics Today

780 Words | 4 Pages

Foremost, Mona Field's meticulous research and data-driven approach lend substantial credibility to the chapter's arguments. The author's use of accessible language makes the chapter suitable for a broad readership, from policymakers to general citizens. The chapter's emphasis on practical solutions that consider California's unique context ensures that readers can grasp the real-world implications of the discussed issues. Field's recognition of the interconnectedness of challenges showcases a holistic understanding, promoting the need for integrated solutions rather than isolated remedies. This comprehensive approach is vital for addressing the multifaceted nature of California's issues and advancing sustainable progress.

Read More

Old Mango Street Case Study

660 Words | 3 Pages

The rising cost of housing in the bay area has made affordable housing harder and harder to come about. This is a situation where the city of Palo Alto does not have enough affordable housing to meet the needs of its population. To fix the situation instead of creating additional affordable housing venues is sticking the Jissers with the bill of providing affordable housing. The reason I chose this article is that it shows that the “system” doesn't work neither the Jissers are at fault nor are the tenants. This is a situation where the city of Palo Alto messed up and now are trying to pen the blame on some private

Read More

Summary Of A Better New York City Housing Budget

457 Words | 2 Pages

This article also demonstrates the importance of properly planning budgets ahead of time. The article shows that the previous mayor, De Blasio, may have overspent on the old planning budgets, leaving little room for the new budgeting plans. My opinion on this article is that it is good that New York is looking for new ways to expand on the housing shortage without using excess capital. One of the ways that they are planning to do this is through “ambitious zoning changes” to help initiate housing growth without the help of government subsidies. It’s also good that the government is so focused on the housing shortage as it is a very big issue that many people are facing within New York and the U.S. as a whole.

Read More

Nineteen By Nora Raleigh Baskin Essay

650 Words | 3 Pages

and trying to find something in Los Angeles they could afford.” In real life some people and websites say that getting a home in Los Angeles is too hard to afford, such as a website called Reddit has people that hate the overpriced houses in Los Angeles. Another website says r/LosAngeles has an article that says that L.A. is the most expensive and inconvenient when needing a house and 95% of the people who read that article agreed to it. One last article that says that L.A. is too expensive is from a website called Economic Times which has an article stating reasons why Los Angeles is too expensive for people who are not making thousands or millions of dollars. In conclusion, not having overpriced houses is good for the economy for

Read More

California Vs Arizona Essay

1186 Words | 5 Pages

With the thought of California in mind, the step towards this state can be a dream for many, but a very costly one. Housing in California can be exceedingly expensive and start at a level entry job can make economic matters difficult. Also, the tax rate within this state exceeds many other states. The decision to move to California may potentially cause stress over financial issues which then affecting the family and its environment. Knowing this alternative arise in the thought of moving.

Read More

Housing Affordability Act Case Study

2187 Words | 9 Pages

In turn, this created a higher demand for expensive housing, which hiked up the overall housing market (Sturtevant & Artemel 2010). The city overall, a highly economical area overall for high income jobs, has been growing greatly. This means that there needs to be homes that support high-income households as well. The growth equality of the city’s citizens has been a struggle to balance, and every function city needs to have all classes of citizens working to help the economy succeed for a long-term basis. Lower class citizens are leaving the area for a less expensive means of living, which means the Washington economy is decreasing with less spending.

Read More

Historical Segregation In San Diego

1094 Words | 5 Pages

Although this map shows increases in overall diversity, this diversity is concentrated in the southern and southeastern areas of San Diego, and does not equate to residential integration in the northern areas that were previously predominantly white. Increasing diversity has not led to residential integration for most groups of ethnic and racial minorities in the twenty-first century. In the report “Linking Innovation with Inclusion: Demography, Equity, and the Future of San Diego,” the University of Southern California concluded that the Highway 8 is a geographic indicator of San Diego County’s division between better housing and economic opportunities to

Read More

San Francisco Gentrification Case Study

1162 Words | 5 Pages

San Francisco was once notorious for its urban renewal that lowered housing affordability for its displaced residents. Starting in the

Read More

Housing Act Of 1949 Essay

1720 Words | 7 Pages

Introduction After WW2 there was a significant increase in suburbanization which greatly decreased the investing in cities which meant they were deteriorating and experiencing economic downturn. In an effort to remedy this the Federal Government created the Housing Act of 1949 also known as Urban Renewal. This act allowed the Federal Housing Administration (FHA) to buy “blighted”, “20 per cent or more of the homes in an area had one or more ‘substandard’ elements and could be subject to slum clearance”, communities and fund their revitalization. (Lopez 459) Some of the goals of the Act were to eliminate substandard housing, revitalize economies and eliminate segregation.

Read More

San Francisco Gentrification System

1090 Words | 5 Pages

Issue: Within the last decade, San Francisco has dramatically changed. San Francisco’s working class people and poor neighborhoods underwent drastic economic and racial changes from the 1990s to mid 2000s, resulting in the undeniable gentrification of the districts. San Francisco’s gentrification has reached a ridiculous new extreme, making it the most expensive city in the country, outstripping even Manhattan. The beginning of the issue was right after the dotcom and Tech industries started drastically moving to the Bay Area.

Read More

Pros And Cons Of Affordable Housing

1222 Words | 5 Pages

Also, home ownership increases the amount of care people have upon the property owned (Gordon 2004). However, one disadvatantage that affordable housing poses is that more and more people are being priced out of home ownership (Shelter 2015). This means that the rent of house increases and more people are competing for every single

Read More

Homelessness In California Essay

765 Words | 4 Pages

The subject of homelessness is not universally discussed in society because many people are either ignorant or unwilling to get involved to help. Although it is taboo, every day people are faced with or see homelessness. Many times driving under freeway passes or through highly populated cities, the homeless population can be seen everywhere. California has the densest homeless population in the United States, which is Skid Row in Los Angeles. In the state of California, the effects of homelessness continue to be an ongoing challenge for not only citizens but law enforcement and elected officials.

Read More

Persuasive Essay On California

859 Words | 4 Pages

Sierra Kaloustian Essay Since the cost of living is so high in California, Governor Brown felt that he should propose something that would help the citizens living here. Thie with his proposal is with how ill thought it was the plan would be detrimental to California as a whole. Governor Brown's proposition was created with only good intentions; the plan was just not thoroughly thought out. His goal was to allow more people to live comfortably in California, which in turn would result in boosting the state’s economy.

Read More

Persuasive Essay Homeless

1042 Words | 5 Pages

The result of this solution will lower the poverty rate. California’s poverty rate is the highest in the country. Building homes for the ill could lead to building homes to other homes for other people so they can get off the streets and get a job and better

Read More

More about Essay On House Shortage In California

Related Topics

Open Document