housing shortage

California’s $5 Trillion Economy: A Giant’s Success and Political Battles

California is now the fourth largest economy in the world. This remarkable achievement is a testament to the state’s diverse and dynamic economy, fueled by innovation, technology, and a robust agricultural sector. It’s a compelling narrative, particularly considering the consistent narrative from some quarters that the state is in decline.

California’s economic strength isn’t just a matter of sheer size; it’s a reflection of forward-thinking policies. The state’s ambitious renewable energy goals, initially met with resistance, have not only been achieved years ahead of schedule but have demonstrably benefited the state. The fact that California’s grid ran entirely on renewable energy for 98 days last year, without impacting costs or causing blackouts, serves as a powerful example.… Continue reading

Last year’s home sales were the lowest since 1995

Last year’s home sales were the lowest since 1995. This headline paints a bleak picture for the housing market, and it’s a reality that many people, including myself, have experienced firsthand. The input content from various individuals highlights the reasons behind this decline in home sales and offers personal insights and opinions on the matter.

One of the key factors contributing to the low home sales is the high interest rates. As one commenter mentioned, unless interest rates drop or people accept them as the new norm, it’s unlikely that homeowners with low mortgage rates will consider selling their homes. This lack of inventory further drives up prices for the limited properties available.… Continue reading