Jul 8 2010
Top 10 states with biggest renter occupied housing. Does having a low owner occupied housing rate create a state housing bubble? Renting is the solution, not the problem with the current housing crisis. Rents have fallen for Los Angeles and San Francisco.
Many articles are now finally highlighting the financial benefits of renting or leasing a home. There is no national association with deep budgets that promotes renting so there is little advertising dollars that go into this market. But in many cases, renting is a solid and financially wise decision. Given this current housing market debacle [...]
Jul 3 2010
California budget nightmare – in 1970 California took in 28 percent of state revenues from personal income taxes. Today, the state pulls in 52 percent from personal income taxes. Massive shift to service oriented state.
The problems for the California state budget are deep and significant and will provide fodder for another politically charged year. California faces a $19 billion budget deficit brought on by falling fund revenues and expenses that still reflect a time of better days. The Governor last week announced that 200,000 state employees would see their [...]