Mindblown: a blog about philosophy.
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California Boosts Tenant Protections to Small Businesses
California Senate Bill 1103 grants new protections to small businesses, nonprofits, and microenterprises starting January 2025. Qualified commercial tenants must provide written self-attestation of eligibility before lease execution and annually thereafter.
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Skyrocketing Rents: California Metros Take the Lead
California metros dominate the US rental market, claiming 11 of the 12 highest median rents. California's rental markets are particularly impacted by high demand and limited housing availability.
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2025 Compliance Resources for California Landlords
New compliance forms for 2025: Essential updates for California landlords to navigate evolving rental regulations. Key change: AB 2747 requires landlords with 15+ units to report rental payments starting April 2025.
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California Home Prices Rise 4.3% Yearly in Q3
California's housing affordability in Q3 2024 improved slightly, but only 16% could buy median-priced homes.California's median home price dropped 2.9% in Q3 2024, but prices rose 4.3% year-over-year.
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California Reforms Insurance With Catastrophe Models
New regulations aim to stabilize California's insurance market by introducing catastrophe modeling for fairer property coverage.Planned statewide catastrophe model aims to improve risk understanding for property owners across California.
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13 Housing Markets in California Face High Risk of Decline
A recent ATTOM report highlights 13 California housing markets, mainly inland, at higher risk of decline due to affordability issues, underwater mortgages, and elevated unemployment rates. These areas, including Butte, Contra Costa, and Riverside counties, have seen rising housing costs outpace wage growth, making homeownership increasingly unaffordable. Similar vulnerabilities are noted in parts of New…
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Investors got big tax breaks to turn luxury Bay Area apartments into affordable housing. In many cases, rents are higher than before
Serenity at Larkspur, a luxury apartment complex in Marin County, offers amenities like pools and a tennis court, with one-bedroom units renting for $3,004. Despite being marketed as affordable housing, many units charge higher rents than market rates. Catalyst Housing, which acquired the property in 2019, received tax breaks and used municipal bonds for financing,…
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California’s Housing Shortfall: A Blueprint for Change
California faces a shortage of 970K affordable homes for its lowest-income renters. California’s affordable housing efforts have fallen short, with only 531K homes expected by 2030.
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New Law Could Drive California Insurance Hikes
California homeowners may face insurance rate hikes as regulators allow insurers to use climate algorithms to set prices.Rising property insurance costs may disappoint homeowners, potentially affecting California's tax revenue.
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How to get a mortgage interest rate below 6% now
Homebuyers can secure a mortgage interest rate below 6% by following three strategies. First, consider buying mortgage points, which can lower the rate but require an upfront fee. Second, an adjustable-rate mortgage with a 3/1 framework can offer a rate of 5.90% initially. Lastly, boosting your credit score is crucial, as the best rates are…
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