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The Housing Crisis in California and Beyond

The Housing Crisis in California and Beyond PDF Author: Singchou Wu
Publisher: AuthorHouse
ISBN: 1665504471
Category : Law
Languages : en
Pages : 231

Book Description
The author came to the US in 1962 from Taiwan and worked for $1 an hour while federal minimum wage was $1.15 an hour. By 1969, he got a Master of Science Degree, a Ph.D. in Statistics and a teaching job at California Polytechnic State University in San Luis Obispo, CA. He bought his first house in October 1972 in the town. He predicted that housing prices in California would rise rapidly, as he and his wife quickly jumped into housing business. By 1979 they built two apartments, got California Building Contractor License and owned many rental housing units. The rising house prices made them instant millionaires. He explains why the US has turned from a land of opportunity for everyone into a land of desperation for many. He explains how to get back to the good old days, bring back America, the land of opportunity.

The Housing Crisis in California and Beyond

The Housing Crisis in California and Beyond PDF Author: Singchou Wu
Publisher: AuthorHouse
ISBN: 1665504471
Category : Law
Languages : en
Pages : 231

Book Description
The author came to the US in 1962 from Taiwan and worked for $1 an hour while federal minimum wage was $1.15 an hour. By 1969, he got a Master of Science Degree, a Ph.D. in Statistics and a teaching job at California Polytechnic State University in San Luis Obispo, CA. He bought his first house in October 1972 in the town. He predicted that housing prices in California would rise rapidly, as he and his wife quickly jumped into housing business. By 1979 they built two apartments, got California Building Contractor License and owned many rental housing units. The rising house prices made them instant millionaires. He explains why the US has turned from a land of opportunity for everyone into a land of desperation for many. He explains how to get back to the good old days, bring back America, the land of opportunity.

Golden Gates

Golden Gates PDF Author: Conor Dougherty
Publisher: Penguin
ISBN: 052556022X
Category : Social Science
Languages : en
Pages : 304

Book Description
A Time 100 Must-Read Book of 2020 • A New York Times Book Review Editors' Choice • California Book Award Silver Medal in Nonfiction • Finalist for The New York Public Library Helen Bernstein Book Award for Excellence in Journalism • Named a top 30 must-read Book of 2020 by the New York Post • Named one of the 10 Best Business Books of 2020 by Fortune • Named A Must-Read Book of 2020 by Apartment Therapy • Runner-Up General Nonfiction: San Francisco Book Festival • A Planetizen Top Urban Planning Book of 2020 • Shortlisted for the Goddard Riverside Stephan Russo Book Prize for Social Justice “Tells the story of housing in all its complexity.” —NPR Spacious and affordable homes used to be the hallmark of American prosperity. Today, however, punishing rents and the increasingly prohibitive cost of ownership have turned housing into the foremost symbol of inequality and an economy gone wrong. Nowhere is this more visible than in the San Francisco Bay Area, where fleets of private buses ferry software engineers past the tarp-and-plywood shanties of the homeless. The adage that California is a glimpse of the nation’s future has become a cautionary tale. With propulsive storytelling and ground-level reporting, New York Times journalist Conor Dougherty chronicles America’s housing crisis from its West Coast epicenter, peeling back the decades of history and economic forces that brought us here and taking readers inside the activist movements that have risen in tandem with housing costs.

Locked Out

Locked Out PDF Author: Erin Riches
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 62

Book Description
Using the most recent available data, this report attempts to identify: • The dimensions of Californias housing problems; • The impact of the states housing problems on low and middle income Californians; • The causes of the current crisis; • The variation of housing problems among regions and population groups; and • The role public policies can play in supporting affordable housing. [...] Since the mid-1980s, incomes of the bottom 60 percent of Californias families have fallen after adjusting for inflation.7 The substantial growth in the incomes of the wealthiest Californians has actually worsened the states housing crisis, since those households have bid up the price of both homeownership and rental housing. [...] Incomes Have Failed to Keep Pace with the Rising Cost of Housing Over the past decade, the cost of rental housing has risen faster than inflation in the states two largest metropolitan areas and faster than the incomes of the average California family. [...] Nationally, 55 percent of households could afford to purchase the median priced home in 1999, as compared to 37 percent of California households.18 While the affordability of homeownership remained constant between 1998 and 1999 for the nation, the share of California households able to afford the median priced home dropped three percentage points during the same period. [...] 19 California, the share of homes affordable to median income households ranged from 45 percent in Santa Barbara to only 11 percent in San Francisco.19 The income needed to purchase the median priced home ($63,532) far exceeds the income of the median California household ($40,934 in 1998).20 In other words, the median California household earns less than two-thirds the income needed to purchase t.

California's Housing Crisis

California's Housing Crisis PDF Author: California. State Reconstruction and Reemployment Commission
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 80

Book Description


The Housing Boom and Bust

The Housing Boom and Bust PDF Author: Thomas Sowell
Publisher: Basic Books (AZ)
ISBN: 0465018807
Category : Business & Economics
Languages : en
Pages : 194

Book Description
Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and "creative" marketing of financial securities based on these mortgages to countries around the world, are part of the story of how a financial house of cards was built up--and then collapsed.

The Housing Crisis in California

The Housing Crisis in California PDF Author: Martin Gellen
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 16

Book Description


In Defense of Housing

In Defense of Housing PDF Author: Peter Marcuse
Publisher: Verso Books
ISBN: 1784783560
Category : Political Science
Languages : en
Pages : 240

Book Description
In every major city in the world there is a housing crisis. How did this happen and what can we do about it? Everyone needs and deserves housing. But today our homes are being transformed into commodities, making the inequalities of the city ever more acute. Profit has become more important than social need. The poor are forced to pay more for worse housing. Communities are faced with the violence of displacement and gentrification. And the benefits of decent housing are only available for those who can afford it. In Defense of Housing is the definitive statement on this crisis from leading urban planner Peter Marcuse and sociologist David Madden. They look at the causes and consequences of the housing problem and detail the need for progressive alternatives. The housing crisis cannot be solved by minor policy shifts, they argue. Rather, the housing crisis has deep political and economic roots—and therefore requires a radical response.

California Dreaming

California Dreaming PDF Author: Lawrence J. McQuillan
Publisher: Independent Institute
ISBN: 1598131907
Category : Business & Economics
Languages : en
Pages : 202

Book Description
California's unfunded public pension liability, when measured correctly, is two to four times larger than official government estimates. In total, California's 86 defined-benefit public pension plans are underfunded by roughly $430 billion, representing California's greatest financial challenge since the Great Depression. The failure to fully fund the pension promises has allowed the current generation to receive public services that they are not fully paying for, pushing the pension problem onto future generations. California Dreamin': Resolving the Public Pension Crisis explains how six reforms would solve the state's pension problem in an equitable, responsible, and moral way: preserving pension benefits already earned, providing competitive pensions going forward, and granting the flexibility needed so that future generations are not paying for deals they did not make.

Man of Tomorrow

Man of Tomorrow PDF Author: Jim Newton
Publisher: Hachette UK
ISBN: 0316392480
Category : Biography & Autobiography
Languages : en
Pages : 448

Book Description
Visionary. Iconoclast. Political Survivor. "A powerful and entertaining look" (Governor Gavin Newsom) at the extraordinary life and political career of Governor Jerry Brown. Jerry Brown is no ordinary politician. Like his state, he is eclectic, brilliant, unpredictable and sometimes weird. And, as with so much that California invents and exports, Brown's life story reveals a great deal about this country. With the exclusive cooperation of Governor Brown himself, Jim Newton has written the definitive account of Jerry Brown's life. The son of Pat Brown, who served as governor of California through the 1960s, Jerry would extend and also radically alter the legacy of his father through his own service in the governor's mansion. As governor, first in the 1970s and then again, 28 years later in his remarkable return to power, Jerry Brown would propound an alternative menu of American values: the restoration of the California economy while balancing the state budget, leadership in the international campaign to combat climate change and the aggressive defense of California's immigrants, no matter by which route they arrived. It was a blend of compassion, far-sightedness and pragmatism that the nation would be wise to consider. The story of Jerry Brown's life is in many ways the story of California and how it became the largest economy in the United States. Man of Tomorrow traces the blueprint of Jerry Brown's off beat risk-taking: equal parts fiscal conservatism and social progressivism. Jim Newton also reveals another side of Jerry Brown, the once-promising presidential candidate whose defeat on the national stage did nothing to diminish the scale of his political, intellectual and spiritual ambitions. To the same degree that California represents the future of America, Jim Newton's account of Jerry Brown's life offers a new way of understanding how politics works today and how it could work in the future.

Generation Priced Out

Generation Priced Out PDF Author: Randy Shaw
Publisher: Univ of California Press
ISBN: 0520976185
Category : Social Science
Languages : en
Pages : 327

Book Description
Generation Priced Out is a call to action on one of the most talked-about issues of our time: how skyrocketing rents and home values are pricing the working and middle classes out of urban America. Randy Shaw tells the powerful stories of tenants, politicians, homeowner groups, developers, and activists in over a dozen cities impacted by the national housing crisis. From San Francisco to New York, Seattle to Denver, and Los Angeles to Austin, Generation Priced Out challenges progressive cities to reverse rising economic and racial inequality. Shaw exposes how boomer homeowners restrict millennials’ access to housing in big cities, a generational divide that increasingly dominates city politics. Shaw also demonstrates that neighborhood gentrification is not inevitable and presents proven measures for cities to preserve and expand their working- and middle-class populations and achieve more equitable and inclusive outcomes. Generation Priced Out is a must-read for anyone concerned about the future of urban America.