The median net worth of a homeowner is $199,557 vs. $2,208 for a renter. That is huge disparity that can only be partially explained by age. Yes, the average homeowner is old and more well established, but one can’t ignore the effect of government programs that […]
Southern California Real Estate and Neighborhoods
The state postponed the taxes of 804 elderly or disabled homeowners at a cost of $2.2 million. The program was reinstated last year for the first time since 2009.
Brick and mortar retailers have struggled with the rise of online retailers and malls, being dependent on retail, have taken a hit as well. As a result, malls looking for ways to expand in ways that are less dependent on retailers.
Like most of Southern California, the Inland Empire is in bad need of housing. While many people consider the area a rather affordable, if not attractive, place to live, renters have actually experienced declining incomes and rapidly rising rents over the past 15 years.