In the Los Angeles market it takes 4.7 years of owning a home before it makes financial sense to own rather than rent. So if you don’t play on staying at least 5 years in your place, it doesn’t make much to buy a home.
Southern California Real Estate and Neighborhoods
With so much development going on in downtown, the idea of capping the freeways have been floating around for a couple of years now, but so far nothing has come of it. Still, the people behind the movement are released some new plans to create […]
Permits for new construction is down 10% from last year in Southern California. Only two counties saw increases in the number of permits pulled. San Bernardino saw increase of 7% and Riverside, 27 %.
Members of the Building Industry Association got together with government leaders at the Housing Policy Conference to discuss the obstacles they are facing to building affordable housing.
Many low and middle-class people find it difficult to take beach vacation in California due to the high cost of lodging. A new bill, AB250, aims to address this problem by funneling coastal development fees toward building “inexpensive cabins, hostels and campgrounds along the coast.” Part […]