California

Home ownership is finally increasing in the United States, following the housing bust. The Census Bureau reports that 63.9 percent of households owned their own homes in 2017. This represents the first annual home ownership increase in more than 10 years, as a string of losses followed the housing bust after 2006. The home ownership rate has continued to increase, and stood at 64.4 percent in the third quarter of 2018.  read more »

It’s become common folklore that California is booming and incoming Governor Newsom and the Democratic supermajority have more taxpayer money than they will know how to spend, save, or invest. Nothing could be farther from the truth; and it’s the California voters and taxpayers who will continue to be pay for this mistake. We literally owe trillions that isn’t being discussed.  read more »

On any given night in California, there are about 134,278 people without a home. California, with 12 percent of the U.S. population, has 25 percent of the nation’s homeless people. California’s homeless population increased 13.7 percent between 2016 and 2017. About 36 percent of the homeless population are families with children. About 25 percent of the homeless population have jobs.  read more »

Already anointed by The New Yorker as the “head of the resistance,” Gavin Newsom could well think he’s also king of California politics. He can both sell himself as the model of progressive virtue and also lord of the world’s fifth-largest economy, home to three of the world’s most powerful and influential companies.  read more »

Ronald Reagan is not coming back, but California may be avoiding a trip to the insane asylum. Yes, the GOP’s lackluster gubernatorial candidate, John Cox, lost by almost 20 points, and the only issue in the legislature is whether the Democrats regain their supermajority in both houses. But it could have been much worse.  read more »

California is home to the largest crude oil reserves in America, but the States’ choice to not drill for that oil requires in-state manufacturers to “export” billions of dollars annually to oil rich foreign countries to import their oil to meet the state’s energy demands.  read more »

California’s Republican Party was once a force to be feared, not only in the state, but across the country. Nowadays, it’s at most a mild irritant and sometimes a convenient whipping boy for the Democratic progressives, who run the state almost entirely. Nothing is working much for the GOP this year. The Republican gubernatorial candidate, John Cox, has little charisma, no discernible local roots, and no compelling message. He sneaked into the runoff election because too many Democrats vied for the job. He’ll be thrashed by Lieutenant Governor Gavin Newsom, likely by a wide margin.  read more »

The homeownership rate in California equaled the national rate from 1950 well into the 1960s. Yet, by 2005, California’s homeownership rate was 13.3 percent below the national average and the 49th lowest in the nation. In the second quarter of 2018, the homeownership rate in California was 54.3 percent, the third lowest in the nation, and 10 percent below the national average of 64.3 percent.  read more »

Once upon a time, the California Republican Party was a fearsome political instrument, forging the ground for two presidents. But today the California GOP is fighting rearguard actions to save its last remaining seats in once solidly Republican strongholds as Orange, San Diego and even in inland California, potentially costing them upward of seven House seats.  read more »

Is the California Dream unraveling? Joel Kotkin and Marshall Toplansky warn how California is headed towards an increasingly feudal future in their latest report, "California Feudalism: The Squeeze on the Middle Class." Click the PDF link below to read the full study.  read more »