California

The much-celebrated California boom is facing a harsh reality.

Everything was looking good, based on enormous growth in capital gains in tech stocks and property, and some in Sacramento assumed the bounty would last — until it didn’t.  read more »

The newly released Census Bureau urban area reveals all 10 or the densest urban areas are in California, as well as 39 of the densest 50, and 70 of the 100.  read more »

In a recent YouTube video Avoid These Cities (Housing Crash 2022) EPB Research provides an analysis of the national market. In general, West Coast is bad and East Coast is OK, especially the southeast. The overly regulated western states with higher raw land prices and huge city fees result in higher home prices.  read more »

Curiouser and curiouser, said Alice as she grew taller and taller in Wonderland.

Curiouser and curiouser, said everyone paying even the slightest attention as the high-speed rail fantasy grew bigger and more expensive and further behind schedule and more incomprehensible and more ludicrous and now, yes, even possibly taller and taller in California.  read more »

You can always count on California’s progressive contingent to mix lunacy with hypocrisy. The state’s nine-member Reparations Task Force last month recommended large state payments to descendants of slaves, now living in California.  read more »

Despite Newsom’s statewide policy decisions that are driving up costs of energy in the state, only a few Californians are upset with the ever-increasing costs for their electricity and gasoline  read more »

Urban containment has significant costs. In commenting on the association between London’s urban growth boundary,¹ and the higher costs of housing, The Economist said: “Suburbs rarely cease growing of their own accord. The only reliable way to stop them, it turns out, is to stop them forcefully.  read more »

The “left coast” mostly lived up to its name during the midterms, though occasional signs of dissent could be seen. In California, Governor Gavin Newsom won big, and the GOP saw no major statewide successes.  read more »

Harvard’s William Alonso showed that the value of residential land tends to increase from the rural uses on the urban fringe¹ to centers of economic activity, such as central business districts.²  read more »

A new Hoover Institution (Stanford University) report indicates that California continues to shed corporate headquarters locations to other states.  read more »