2017 Housing Market
The rise of HELOCs and shrinking down payments …
From housing prices to outrageous government pensions and an unbelievable underfunded state pension program that is never talked about . . . Nothing in California is rooted in good economics.
2017 Housing Market
The latest, just pased, huge California gas and vehicle registration fees are estimated to add $400-$500 in additional cost for every California motor vehicle owner! It seems to me that the main purpose of the California legislature is to pass new laws and restrictions to raise taxes and fees and increase the government bureaucracy. The only good news on this front, is that there is a People’s uprising to fight the latest gas/registration fee increases which are scheduled to go into effect this November. to get involved and stop the gas tax and vehicle registration fees, visit this site.
The California state governments quest to reduce its citizens disposable income is definitely a factor in not only making it more difficult qualifying for the average California home, but also to force people to pack into urban areas with the ultimate goal of reducing dependency on the automobile. It would also seem that the other goal of California’s political social engineering, is to see the demise of the single-family home.
It looks like more and more California construction (as far as the residential real estate real estate market goes), is focused on high density condominium style units. Perhaps, I’m being too cynical here, but if these trends continue, in 20 to 30 years the only people who may own a single-family detached home in California will be government bureaucrats.
job title                                             total pay and benefits
2017 Housing Market
I believe the next economic meltdown will make The Great Depression look like a Church bake sale!
Wake up to . . . The New World Order of free trade, debt, more debt to fix debt problem, bought and paid for elected officials, off-shoring jobs, race to the bottom, uncontrolled immigration, and uncontrolled lies about the economy….
Do so many people not own homes strictly bc they can’t afford it, or bc they don’t want that kind of responsibility? I know so many people around my area that are in their 20s and 30s that refuse to grow up and go get a job, and instead stay with mommy and daddy forever. It’s a sad situation these people have created.
I recall the business press, Wall Street and President Obama talking during the financial crisis about how “we have to get people borrowing again”. In fact, we needed to be wiping out debt and getting incomes up so people could afford to pay for things they need instead of borrowing the money and then paying it back forever out of future income. The top 1/10 of 1% are basically parasites who attach to the bodies of the 99% and bleed them until they’re dry, whether it’s Wall Street, big pharma, the for profit education industry, etc.