The Big Three have all left. Hat tip to Richard for sending this in: Farmers Insurance has limited new homeowners insurance policies in California, joining other major national insurance providers. Farmers, the second-largest provider of homeowners insurance in the...
If you are contemplating a move out-of-state due to politics....you're going to love this: Despite Gov. Gavin Newsom’s historic commitment to ending California’s housing crisis — and the administration’s arm-twisting to try to make local jurisdictions do the right...
Golf-course redevelopment is a terrific solution to providing new housing in the middle of town. They will work out the kinks like building enough roads. A judge’s ruling halted construction this week of the 536-unit Junipers development in Rancho Peñasquitos — and...
As a way to "raise additional revenue and to increase ridership on trains and buses", the train people started looking for developers last April - their solutions: Under agreements the board approved Thursday, West Village Partners will build 184 market-rate...
It is already legal to add an ADU and a junior ADU to a property zoned single-family. Another bill has passed the California Senate that allows up to four units total - and to be able to create two parcels, which means they could be sold separately - if the owner...
Last month, we heard from an architect on how bad the ADU permit process had been in San Diego. Now here's a report from our good friends at the PLF: https://pacificlegal.org/still-no-place-to-live/ An excerpt: Pacific Legal Foundation obtained public records from San...
Prop 19 was sold by the California Association of Realtors as a solution to the low-inventory environment. The intent was to free up seniors over 55 to move anywhere within the state of California, and take their old property-tax basis with them. The C.A.R. said it...
The residential real estate market has no boundaries on pricing. It's free enterprise at its finest - no laws, no restrictions, and no limit on where prices can go. We saw a dramatic example where a model-match tract home on the same street sold for $550,000 more than...
When the Fed cut the Fed Funds rate to zero at the onset of Covid-19, it caused mortgage rates to drift under 3%, giving the illusion of helping home buyers. But it has been the sellers who have reaped the big rewards. The San Diego Case-Shiller Index has gone up...
Above is the map produced by the City of Carlsbad to help identify the areas where they can increase production of multi-family units, and try to reach their low-income housing goals. I circled in red the larger developments: The owners of the Mall have proposed...
