Mindblown: a blog about philosophy.
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California’s Housing Shortage: Three Decades of Struggles
California's population ↑ 31%, but housing units increased just ↑ 33% from 1990 to 2024. Housing costs surged: home values ↑ 56%, rents ↑ 39%, making California one of the most expensive states.
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California Home Buying Myths: Fact or Fiction?
Expensive properties don't always yield strong cash flows or significant appreciation due to high costs. Small property owners face zoning laws, tenant protections, and costly property modifications alike.
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Bay Area Housing Market Forecast for the Next 2 Years
Experts predict a gradual transformation in the San Francisco Bay Area housing market for 2025 and 2026, with an average home value currently at $1,140,718. A slight decline of about 1.7% in home prices is expected by October 2025, influenced by rising interest rates and economic uncertainty. While demand remains strong in tech-driven areas, affordability…
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Priciest to Buy a House by 2030: California
Projected average home price: over $1 million by 2030. High demand due to robust job market.
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California’s Evolving Insurance Market: Is Relief on the Horizon?
California's home insurance market is struggling, with Farmers Insurance raising its policy cap, suggesting potential improvement. However, many insurers have scaled back or left, causing an availability crisis due to rising wildfire risks and regulatory issues. Reforms are in progress, but homeowners remain at risk until more insurers return. Technological advancements in risk assessment and…
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The Silver Lining in California’s Housing Crunch
California's severe housing shortage, driven by stagnant development, has reached a crisis point. Only 99,000 housing permits were issued in 2024, falling to 0.67% growth, far below the 1% U.S. average.
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California Insurance Crisis Set To Ease With New Landmark Rules
California Insurance Commissioner Ricardo Lara has announced new regulations aimed at expanding insurance coverage in wildfire-prone areas. Insurers will now use computer modeling for policy writing, rather than relying solely on historical data, and must offer coverage to most homes in fire-risk zip codes. This initiative, effective January 2, 2025, aims to address the challenges…
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Where to Get a Non-QM Loan
Check if you meet the typical requirements: 620+ credit score, stable income, and consistent employment history. Look for lenders or mortgage brokers who work with non-QM wholesale lenders; they can connect you with options.
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California’s housing crisis has gotten worse, not better, over the last 30 years
The Public Policy Institute of California is marking its 30th anniversary with reports highlighting the ongoing housing crisis in the state. Despite adding 3.6 million homes since 1990, housing costs have soared, with median home values increasing by 56% and rents by 38%. This has led to a low homeownership rate, particularly among young adults…
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