By Jing Pan
June 10, 2024
Buying a house has long been considered an essential part of the American dream, as homeownership can be a symbol of prosperity, stability and success. However, real estate mogul Grant Cardone argues that this notion no longer holds true.
In fact, for young Americans, Cardone believes that the idea of home ownership simply shouldn’t cross their minds right now.
By Prashant Gopal, Patrick Clark, and Scott Carpenter
June 7, 2024
US apartments were supposed to be an ironclad investment, with potential for double-digit returns as the housing shortage propels rents ever higher. Instead, a blowout in multifamily building loan deals have left some retail investors in a world of trouble. The unravelling echoes the subprime mortgage boom that led to the 2008 financial crisis: A lending model built on packaging seemingly safe loans collapses under the weight of spiking interest rates and tanking values.
By Christian Leonard, Data Reporter June 2, 2024
Sausalito isn’t getting any younger.
Roughly 9% of the city’s residents were under age 18 in 2020, according to decennial census data. That makes Sausalito one of the handful of communities in California with at least 5,000 people where less than 1 in 10 residents is a child.
Compare that with Marin City, Sausalito’s unincorporated neighbor, where roughly 21% of residents were younger than 18 in 2020. The two communities share a school district, which recently voted to largely consolidate its two campuses into a new complex in Sausalito.
By Roland Li, Business Reporter,
May 31, 2024
The former Menlo Park headquarters of Sunset Magazine could be replaced by a four-building project that rises to 431 feet, potentially becoming Silicon Valley’s tallest building.
Developer N17 formally submitted an application for the project at 80 Willow Road, branded as Willow Park, on May 24. It includes 1.7 million square feet of apartments, offices, retail and restaurant space, a hotel, Montessori school and public parks, in one of the most ambitious projects that the city has seen.
By Greg Dieguez
May 22,2024
There is much to question about a Housing Bond which will cost $48B in total debt service, yet
yield only $16B in proceeds for housing. At an average of $178K per unit, what will be built are
not Homes, but Corporate Rental Apartments, owned by wealthy investors who can benefit from
the 9% investment tax credit, and depreciation writeoff. And this Bond would continue a trend to institutional ownership of housing, not unlike the Mining and Mill towns of the 19th century.
BY NOAH BIESIADA AND HOSAM ELATTAR
May 15, 2024 Updated May 16, 2024
Huntington Beach violated the state’s housing laws by refusing to move forward with a state-mandated housing plan, according to a new ruling from a San Diego Superior Court judge issued on Wednesday evening.
It’s the first definitive ruling after over a year of litigation – in which city officials said the state’s housing mandates don’t apply because they’re a charter city.