By Will Houston, Eureka Times-StandardPOSTED: 08/09/16, 10:51 PM PDT
“This rent control creates an initiative that will punish us for being compassionate, for having our rents so low, for being considerate,” he said. “This is really going to affect the future of our park.”
The Jisser family, who owns the Buena Vista Mobile Home Park, want to close the facility. But as a condition of closing, the city of Palo Alto requires the family to pay $8 million to the 400 or so residents who would be displaced.
The idea of rent control is simple and very appealing to renters. Your rent can never go up as long as you stay in the same rental property. But, this government price control program actually hurts the very people it is intended to help (like many liberal policies).
The money, city officials say, is to ease the city’s affordable housing crisis, which through official policies has triggered a median home price of “a blistering $2.46 million,” far above the $448,000 for the state and $180,000 for the nation.
By Gennady Sheyner / Palo Alto WeeklyUploaded: Sat, Jun 25, 2016, 3:14 pm
The Santa Clara County Board of Supervisors has voted to join with the county Housing Authority and Palo Alto to issue an ultimatum to the owners of the Buena Vista Mobile Home Park: Sell your property to us, or we’ll take it by eminent domain. The threat is a moral, legal and political offense.
By Jonathan Lansner, Staff WriterPOSTED: 06/25/16, 9:31 PM PDT
The region’s housing crunch is steep, by any economic measure. A database of housing affordability statistics created by The Associated Press shows Southern California’s two main metropolitan regions – Los Angeles/Orange counties and the Inland Empire – consistently rank among the U.S. markets that most stretch the household budgets of both homeowners and renters. Data were census figures through 2014, the latest available.
Rent control ordinances essentially all impose some type of limit on rent increases for all or some subset of rental units in a local area and also often include requirements for new buildings to include some minimum percentage of “affordable” units meaning ones rented for less than the owner could get in a free market. They are motivated by the idea that rents are too high because landlords are greedy. That, however, is not the true cause of the problem.
By Scott Herhold,, Bay Area News GroupPOSTED: 06/17/16, 10:46 PM PDT
After Supervisor Joe Simitian announced Wednesday that the county’s Housing Authority would join the fight to preserve the Buena Vista Mobile Home Park as a refuge for the working class in Palo Alto, a reporter asked him what it meant. Enough big words. What was his spin?
By Sheila Dey, Executive Director, Western Manufactured Housing Communities Association.JUNE 20, 2016
The Sacramento Bee recently profiled mobile home owners who are taking advantage of a “loop-hole” to reduce their tax liability on beach front homes in Malibu, worth millions of dollars. Needless to say, the Los Angeles County tax assessor wants more property taxes, and the law is on the side of property owners.
By Nathan Donato-Weinstein Real Estate Reporter Silicon Valley Business JournalJun 16, 2016, 5:11am PDT
The tool could be used if the Jisser family — which owns the 4.5-acre property and has been trying to close it since 2012 — doesn’t accept a new offer to buy the park funded by Santa Clara County, the city of Palo Alto and the county’s Housing Authority, officials said Wednesday. That’s because the county and city have now joined forces with the Housing Authority, which has eminent domain power and signaled it’s agreeable to using it.
A wise man once said that the best way to get out of a hole is to “stop digging.” Today California is short 1.5 million affordable homes for families struggling to make ends meet, and the hole is growing bigger each year.
Gov. Jerry Brown wants to provide more low-cost housing through an initiative that could unite liberals and conservatives, Republicans and Democrats. As he outlined last month in his updated budget proposal, the plan would reduce costs to homeowners and renters by increasing the housing supply through reductions in the state’s labyrinthine construction-permit process.
For years, Gov. Jerry Brown has resisted efforts to spend more money to build affordable housing. As part of his revised budget released Friday, Brown announced what he said was a better solution: making it easier to build homes for low-income residents. In a new package of legislation, Brown is proposing to streamline the permitting process for developers building affordable homes.
A federal court jury on Thursday ordered the city of Carson to pay $3.3 million in damages to a mobile home park owner for violating his constitutional rights when it repeatedly rejected proposed rent increases at his park.
California’s affordable housing stock is not keeping up with its population growth.
“It all boils down to this,” Thornberg said. “Taxes and regulations are a problem for state businesses, but it’s not what defines California. In the end, this California growth story is a lack-of-housing story.”
California is in the midst of a severe and growing housing crisis, and the Legislative leadership in Sacramento appears to not have the faintest understanding about the causes and possible real solutions to the problem.
Sheila Dey, Executive Director of the Western Manufactured Housing Communities Association.April 3, 2016
WMA’s executive director, Sheila Dey writes, “Instead of addressing the root cause, some policymakers are championing rent control, despite the fact that it has never effectively preserved or expanded affordable housing stocks.”
Slow-growth policies have indeed reduced suburban sprawl, but there’s little doubt that they have also put upward pressure on housing prices. So have the increasing costs of building permits, environmental impact studies and a whole host of other regulations now required of developers.
The housing market in the region and the rest of the state will continue to be influenced by trends among the two largest generations: baby-boomers and millennials. In simplest terms, the boomers aren’t moving, and the millennials are – out of the state – driven in part by high home prices in California, said Leslie Appleton-Young, chief economist for the California Association of Realtors.
Three new studies commissioned by Next 10 — a San Francisco think tank that focuses on quality of life in California — make a powerful case that extreme housing costs threaten to make much of the state like Malibu and Santa Barbara, where only the wealthy can afford to live and most of the workers who support them have long commutes from cheaper inland areas. The analyses — prepared by Beacon Economics, a respected Los Angeles-based consultant — make a powerful case that the focus of state anti-poverty efforts should be bringing down housing costs.
Three new studies show that although California has one of the highest rates of job growth in the country, its cost of housing and high-wage jobs could push lower earners out of the state as they seek someplace more affordable.
The problem with inclusionary policies and other coercive approaches to housing, such as rent control ordinances, is that while they may be politically gratifying, they divert attention from the real problem of housing in California, which is that we have way too little of it.
California’s boom in high-wage jobs, such as those in the tech sector, has shoved housing prices skyward and threatens to squeeze low- and middle-income wage earners out of the Golden State, a report released Wednesday warned.
New data has brought a new urgency to the souring fortunes of California’s middle class. “Not only are Californians leaving the state in large numbers, but the people heading for the exits are disproportionately middle class working families — the demographic backbone of American society,” the American Interest recently noted.
During a marathon meeting Tuesday, the council approved a new policy to encourage preserving the city’s 59 mobile home parks — one of San Jose’s last affordable housing options amid soaring rents — and setting guidelines for closing a park. The policy also enhanced tenant protections, including giving residents a fair price for their homes and relocation benefits, and specified the City Council must approve closures.
Debate about California’s housing crisis typically revolves around low-income households. The rule of thumb is that people shouldn’t spend more than 30 percent of their income on housing. But more than 90 percent of California families earning less than $35,000 per year spend more than 30 percent of their income on housing.
This isn’t new; that percentage has been stubbornly high for years. Nor is this an exclusively Californian problem — the comparable figure for the United States overall is 83 percent.
The final SAFE Act regulations appear to exempt seller carry back loans if the individual is not engaged in the “business” of a Mortgage Loan Originator. In the appendix, page 146, (b) the regulations say:
Not Engaged in the Business of a Mortgage Loan Originator. The following examples illustrate when an individual generally does not “engage in the business of loan originator”:
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