What I'm Reading Make it Rain: An LA Times review of state data found that it routinely costs more than $1m per unit to build a subsidized affordable housing unit in California. Between prevailing wage requirements, high material and regulatory costs, the process has become so bloated with corruption and...
May 13th – Can’t Fix Stupid
What I'm Reading Can't Fix Stupid: California's Democratic State Senate Leader Toni Atkins is proposing to spend $10 billion to help families buy homes. The proposal would create a revolving fund that would provide interest-free loans for up to 30% of the purchase price of a home for low- and...
February 2nd – Rush Hour
What I'm Reading Rush Hour: Buyers are scrambling to purchase homes while rates are still low. In the meantime, supply is down substantially. As a result, buying has become even more competitive, especially at lower price points leaving prospective homeowners stuck between soaring rents and unobtainable ownership. CNBC Widening Out:...