Reprinted with permission from the SD Daily Transcript: The California Coastal Commission will consider an appeal of a permit granting Mitt and Ann Romney the right to demolish their existing 3,900sf La Jolla house and build a more-than 11,000sf mansion on Sept. 11....
Local Government
Obama on Housing
The highlight was him mentioning that he and Michelle lived with her mother for two years before buying a starter condo:
Eminent Domain – Mortgages
Hat tip to daytrip for sending this in from nytimes.com - an excerpt: The power of eminent domain has traditionally worked against homeowners, who can be forced to sell their property to make way for a new highway or shopping mall. But now the working-class city of...
PA Sale
The SD Public Administrator's sale is scheduled for July 18th. One of the properties being sold is near La Jolla, next to Kate Sessions Park - the opening bid is $585,000: From their website: http://www.sdcounty.ca.gov/hhsa/programs/papg/terms_and_conditions.html The...
Density and Growth
Build up or increase density — those are the options for San Diego real estate professionals who are trying to figure out how to accommodate a growing population with land that’s about 95 percent built. One of the biggest challenges is the community’s perception that...
20-Year Cap for Sea-Wall Permits
SOLANA BEACH — Atop the ocean bluff are the homes of those fortunate to own a piece of land overlooking the dramatic California coastline. Down on the beach are the surfers, swimmers and beachcombers lucky for a sliver of sand that skirts caves and coves in this...
Immigration Reform Benefits Housing
Excerpts from this article in bloomberg.com: Efforts to revamp U.S. immigration laws may bring at least one unintended benefit for the economy: The nascent housing recovery will probably get an added boost. The number of foreign-born homeowners will increase by 2.8...
Moonlight Condo Towers?
From the Coast News: Encinitas has until Aug. 30 to show where 1,300 state-mandated housing units could be built as part of its housing element. If the city wants to meet the housing element deadline, Encinitas will have to make significant progress. Cities could...
“Public Guarantor”
An excerpt from the latest housing commission report on how the government should participate in the mortgage industry: While private capital must play a greater role in the housing finance system, continued government involvement is essential to ensuring that...
Disclosing Foreclosure to Tenants
As of Jan. 1, property managers and landlords in California are required to disclose in writing to any prospective tenants if a notice of default has been recorded against the property. The law applies to rentals of single-family homes and apartment buildings of no...