FRIDAY - walked off to look for America
- Choose the Tile That’s Right for Your Room
- In the Bay Area, 49% of baby boomers, 42% of millennials can’t afford rent
- Here are the Bay Area cities where prices have risen the most
- California’s housing crisis was decades in the making
- Jumbo loans get less expensive
- San Jose: Retailers hold “community hostage” by keeping leases on empty buildings
- The Artful Garden: Enchanting Lighting
Enjoy!
In the Bay Area, 49% of baby boomers, 42% of millennials can’t afford rent - "For some, renting is a lifestyle choice. But for many others, homeownership is not a feasible economic reality. Rising rents are a problem for everyone — particularly Millennials with lower earning power and Boomers on fixed incomes," the report says.
Here are the Bay Area cities where prices have risen the most - A vast majority of the cities with the greatest housing appreciation are in the East Bay, but two of the markets that have led the charge are working-class enclaves adjacent to wealthy communities on the Peninsula. East Palo Alto and North Fair Oaks next to Redwood City are adjacent to cities like Palo Alto, Menlo Park and Atherton, where median home values sit well over $1 million.
California’s housing crisis was decades in the making - No fewer than 15 housing-related bills await legislators upon their return Monday. Some would provide tax incentives so the working poor can afford decent housing, and homeless people can find shelter. Others would streamline approval for new homes so millennials can own a piece of the American Dream, or at least share it with a bank.
San Jose: Retailers hold “community hostage” by keeping leases on empty buildings - “The community feels like they’re being held hostage by these corporations,” said City Councilman Sergio Jimenez, who represents the district and is considering a measure that could curb similar situations. “You’ve got this vacant building where there is no commerce happening and people don’t have a grocery store simply because of their bottom lines — their profit.”
Jumbo loans get less expensive - The average interest rate for jumbo loans, greater than $421,100, however, fell 5 basis points to 3.99 percent for the week. The jumbo rate is now 13 basis points lower than the conforming rate, the largest spread between the two since March 2016.
The Artful Garden: Enchanting Lighting - Conjure up magic outdoors with strategically placed solar lanterns, twinkle lights and chandeliers. Some of my faves:
