Housing crisis – Page 11 – California Globe

L.A. County Board Of Supervisors Vote on Stricter Rent Caps in County Unincorporated Areas

June 6, 2024 1:34 pmJune 6, 2024 1:35 pm

The Los Angeles County Board of Supervisors voted this week to put into effect even stricter rent caps in place in unincorporated parts of the county, making them one step closer to setting rent increases to only 3% each year....

San Francisco Office Prices Have Fallen From $90/Sq. Foot To $62/Sq. Foot In Only 4 Years

May 23, 2024 12:19 pmMay 23, 2024 12:19 pm

A new report by real estate agency Cushman & Wakefield released this week found that the average office rent price in San Francisco has plummeted from $90/square foot in 2020 to $62/square foot today, marking a huge collapse not seen...

Hawking the Tourism Industry, Gov. Gavin Newsom Claims California is the GOAT

May 7, 2024 9:28 amMay 7, 2024 9:28 am

California Governor Gavin Newsom is on a public relations campaign, hawking his state as the Greatest Of All Time – in everything. While California’s natural beauty remains, and once used to be the land of opportunity, the Golden State has...

Gov. Newsom’s and AG Bonta’s Affordable Housing Shakedown Scheme

April 25, 2024 8:59 amApril 25, 2024 8:22 pm

“Today, California Governor Gavin Newsom, Attorney General Rob Bonta, and the California Department of Housing and Community Development (HCD), announced a settlement with the city of Malibu to bring the city into compliance with the state’s Housing Element Law,” Governor...

California’s Red Ink is Negatively Impacting Municipalities Large and Small

April 23, 2024 11:03 amApril 23, 2024 11:03 am

The State of California is hemorrhaging red ink with a massive budget shortfall. The non-partisan Legislative Analyst Office estimates the deficit at $73 billion; Governor Gavin Newsom claims to be optimistic and pegs the shortfall at $38 billion. A gap of $30...

Two More Insurance Companies Pull Out Of California

April 19, 2024 5:00 pmApril 19, 2024 5:01 pm

According to new California Department of Insurance filings this week, both the Tokio Marine America Insurance Company and the Trans Pacific Insurance Company announced that they would no longer offer homeowners and personal umbrella insurance in California and would leave...

LA Mayor Bass’ Newly Touted Homeless Measures Face Backlash

April 17, 2024 5:57 pmApril 17, 2024 5:57 pm

Backlash against Mayor Karen Bass’ Monday State of the City Address continued on Wednesday, with many residents and analysts charging that her new plans to alleviate homelessness would only result in more failure. Bass’s series of failed homeless initiatives dates...