Los Angeles Develops New Incentive to House Homeless

Posted Leave a commentPosted in Housing shortage, Income Property, Legislation

Last month, Los Angeles County set into motion a plan drafted in August of last year that would hopefully be the solution to multiple problems at once. The ordinance seeks to create new housing for the homeless through the development of accessory dwelling units, or ADUs. Nonpermitted ADUs have been quite common, and recent changes […]

What Can the State Do to Support a Healthy Housing Market?

Posted Leave a commentPosted in Housing shortage, Legislation

The Urban Land Institute has proposed five ways the State can help ensure that the local housing market suits the needs of its residents. They are as follows: 1. Quantify housing needs and create targets. 2. Provide financial and other incentives to assist municipalities. 3. Streamline and reduce regulatory barriers. 4. Authorize municipalities to invest […]

Rising House Prices Lead to Longer Commutes

Posted Leave a commentPosted in Buying a new (to you) home., Housing shortage, Market Direction

It’s no secret that many people dream of living in California. This comes at the cost of an average statewide house price over twice the national average, for a number of reasons. Despite its size, California is limited in amount of vacant land available, as a result of both the high population and topographical constraints. […]