Mindblown: a blog about philosophy.

New laws aim to steer development towards higher density, transit-oriented, and mixed-use neighborhoods statewide. Assembly Bill 1893 restricts the Builder’s Remedy, introducing new site restrictions while protecting development rights.

Home insurance rates in California have surged dramatically, creating affordability challenges for homeowners.Policies that typically cost $500 now reach $14K or more, straining buyers' budgets.

California home prices are expected to reach $909,400 in 2025, ↑ 4.6% increase. The state needs 2.5M new homes to meet growing demand over the next eight years.

Proposition 5 on the November 5 ballot seeks to lower the local bond approval threshold to 55%. The measure aims to facilitate funding for low-income housing and infrastructure by raising local property taxes.

High-cost MSAs like San Francisco (-3.5%) and Santa Rosa (-2.8%) face expected price declines as residents seek affordable options elsewhere.Bakersfield (1.8%) and Riverside (1.8%) show potential growth due to affordability and job growth, attracting buyers priced out of urban areas.

California’s high home prices are expected to rise modestly, stabilizing after years of rapid increases. Supply is anticipated to continue increasing, moving toward a balanced market with more options for buyers.

Home Sales Increase: Projected rise of 10.5% in single-family home sales, reaching 304,400 units in 2025.Price Growth: Median home price expected to rise 4.6%, reaching $909,400 in 2025 due to high demand.

New federal bills aim to improve affordability and access by offering reinsurance options and disaster coverage.The INSURE Act proposes affordable federal reinsurance for insurers, mandating comprehensive natural disaster coverage for homes.

Current Rent Control Limitations: The Costa Hawkins Act prohibits rent control for homes built after 1995, limiting protections.Proposition 33 Goals: Prop. 33 aims to expand rent control to all housing types, including newer constructions.