Mindblown: a blog about philosophy.
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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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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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