Jan 26 2013

Can you live in California on a $60,000 a year household income? Living the middle class lifestyle in California on $60,000 a year.

Can you live comfortably in California making $60,000 a year?  It really depends on what you define as comfortably.  We should note that the median household income in the US is $50,000 and in California it isn’t much higher.  California gets a notorious rap of being an expensive state but this is if the entire […]

Nov 12 2010

The stalling of the California housing market – California Foreclosure Prevention Act has institutionalized a drawn out foreclosure process. 470,000 MLS listed and distressed homes in the state. California construction industry employing the same number of workers as it did in the early 1990s.

The state of California continues to grapple with the collapse of the enormous housing bubble.  The Governor earlier in the week called for a special emergency session to deal with a $6 billion deficit that emerged just weeks after the state budget was signed and the ink dried.  States with a large dependence on the […]

Jun 22 2009

California Foreclosure Prevention Act: Creating an Army of Lifetime Renters in California.

On June 15th California implemented another foreclosure moratorium.  The California Foreclosure Prevention Act (CFPA) was signed into law by Governor Schwarzenegger which adds another 90 days to the foreclosure process.  If you recall, a similar law was put into place in 2008 and turned out to be an utter failure.  So what do we do?  […]

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