15.08.2022 20:13

Homes are losing value across California. This is how homeowners can fight back.

Folgen
Werbung

WASHINGTON, Aug. 15, 2022 /PRNewswire/ -- Home prices began falling in June in the metro areas of San Francisco, San Jose, Los Angeles, Riverside-San Bernardino, Sacramento, and San Diego, according to analysis by the American Enterprise Institute's Housing Center. At the same time, housing supply remains at historically low levels and homes remain out of reach even for middle-class workers. This is a crisis, and the AEI Housing Center is hosting events across the state to provide cities and homeowners with the tools they need to address it.

Think of modest "Light Touch" increases in housing density as the tortoise in the effort to increase supply. Slow but steady increases to supply over say 10 years will dramatically increase California's housing supply, create more affordable new homes, and unlock wealth for current homeowners, according to a new study of 200 metros released by the American Enterprise Institute's Housing Center. The key ingredient for affordability is that with light tough density, home price appreciation over time will rise more in line with wages. Thus light touch density can help address California's chronic housing supply shortfall while retaining the look and feel of small scale residential neighborhoods.

The AEI Housing Center is bringing this message to six cities across the state in a series of free events open to the public. On August 2nd AEI released a free Housing and Economic Analysis Toolkit (HEAT) to help inform local policymakers, interested groups, and citizens across California on how to implement achievable solutions that increase housing with a "light touch." 

In San Diego County, for example, light-touch increases in single family detached density could result in 31% more homes built per year, a 10% reduction in price, and a 21% increase in property taxes. This light touch density achieves natural affordability without reliance on subsidies, income limits, or expensive infrastructure improvements. Light touch density, when applied to existing homes, gives homeowners the right to unlock the hidden value in the lot under their homes by repurposing their land.

Registration is open for 6 California free conferences to be held the week of September 19, 2022.

These conferences are free and open to all—please forward to anyone else who might have an interest. Each conference will be packed with information and presentations to help to tackle the most pressing housing issues facing Californians.

Visit aei.org/california-housing-conference to register

Conference dates, times, and locations

AEI Housing Center Conference Schedule:

Monday, Sept. 19, 2022

San Francisco

Hotel Nikko

222 Mason Street

9:00am–1:00pm PDT (Incl.Lunch)

 

 

Thursday, Sept. 22, 2022

Riverside

Mission Inn Hotel & Spa

3649 Mission Inn Avenue

8:30–12:30pm PDT (Incl.Lunch)

Tuesday, Sept. 20, 2022

Sacramento

The Citizen Hotel

926 J Street

9:00am– 1:00pm PDT (Incl.Lunch)

 

 

Thursday, Sept. 22, 2022

Los Angeles

The One Hotel

8490 West Sunset Boulevard

3:00–7:00pm PDT (Reception)

Wednesday, Sept. 21, 2022

Fresno

The Doubletree by Hilton Fresno

Convention Center

2233 Ventura St

9:00am–1:00pm PDT (Incl. Lunch)

 

Friday, Sept. 23, 2022

San Diego

Westin San Diego Gaslamp Quarter

910 Broadway Circle

9:00am–1:00pm PDT (Incl. Lunch)

Media Contact Details:

Arthur Gailes
American Enterprise Institute Housing Center
aei.org/california-housing-conference
Arthur.gailes@aei.org
804-662-0874

Cision View original content:https://www.prnewswire.com/news-releases/homes-are-losing-value-across-california-this-is-how-homeowners-can-fight-back-301605880.html

SOURCE AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH

Werbung
Werbung
Werbung
Neue Funktionen als Erstes nutzen
Sie nutzen finanzen.net regelmäßig? Dann nutzen Sie jetzt neue Funktionen als Erstes!
Hier informieren!
Werbung
Börse Stuttgart Anlegerclub
Werbung

Heute im Fokus

Stabilisierungsversuch: DAX geht fester ins Wochenende -- US-Börsen schließen tiefrot -- United Internet hebt Gewinnprognose an -- Euroraum-Inflation, Nike, Fresenius, FMC, Gaspreis im Fokus

Sixt erwartet "im Großen und Ganzen stabile Entwicklung". Nord Stream-Pipelines: Gas-Austritt lässt nach. EZB-Ratsmitglied Visco warnt vor zu großen Zinsschritten. Zuckerberg will bei Meta sparen. Commerzbank-Aktie: Weitere 50 Filialen werden geschlossen. Bisheriger Investmentchef wird offenbar Société Générale-Chef.

Umfrage

Sollte Deutschland Kampfpanzer und weitere schwere Waffen an die Ukraine zu liefern

finanzen.net zero
finanzen.net zero

Oskar

ETF-Sparplan

Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.
Zur klassischen Ansicht wechseln