June 7, 2013 |
Looking for a cheap fixer-upper? You might check the list of the 15 best cities for do-it-yourself housing bargains, published this week by RealtyTrac, the Irvine-based real estate data firm. Shocker: No California cities made the list. The five best cities to find a bargain home are in the Rust Belt: Detroit, Chicago, Cleveland, St. Louis and Cincinnati. The rankings come from the number of bank-owned homes that were built before 1960 and are valued under $100,000. There are 3,773 such homes in Detroit, which is more than double Chicago's inventory, which is ranked just below the Michigan city. Phoenix is the closest city to Southern California that made the list and ranks No. 8 on the list with 763 such homes.
June 21, 2012 |
California should draw more than its share of tourists for the July 4 holiday, according to an analysis of the top 10 destinations for the Independence Day week. San Francisco, Los Angeles and San Diego were among the top 10 destination cities for the week of July 2 to July 6, according to a study of bookings made through the travel website Hotwire.com. The report offers more good news for the Golden State, which had a 3% growth in visitors in 2011 and is expecting an additional 2% increase in 2012, according to a study commissioned by Visit California, the nonprofit created to promote tourism to the state.
July 29, 2012
Re "A tale of two cities," Opinion, July 25 Harold Meyerson blames banks and big business for the collapse of our economy, especially for the bankruptcies of California cities hit hard by the bursting of the housing bubble. Rather, the federal government encouraged the irresponsible lending to increase homeownership. Banks would never have been successful in making so many subprime loans if Freddie Mac and Fannie Mae weren't buying them. Wall Street also bought these toxic loans and rated them as AAA securities.
CALIFORNIA | LOCAL
May 31, 2012 |
A Sacramento County Superior Court judge Wednesday ruled against a group of California cities in their battle with the state over hundreds of millions of property tax dollars that used to flow to local redevelopment agencies. Judge Timothy M. Frawley said he would not grant the request from Glendale, Pasadena, Huntington Beach and other cities for an injunction that would have prevented the payout of property taxes on Friday to schools and counties. Cities believe some of the money belongs to them and should be used to pay for such projects as parks, affordable housing and freeway intersections that had been agreed upon before Gov. Jerry Brown won his battle to eliminate California's 400 municipal redevelopment agencies late last year.
CALIFORNIA | LOCAL
March 17, 2013 |
SACRAMENTO - Although many of California's cities and counties have been struggling financially, putting off road repairs, cutting back library hours and reducing police patrols, there is one way in which they have not held back: hiring Sacramento lobbyists. Local governments' spending on advocacy in the Capitol has surged in recent years, topping $96 million during the two-year legislative session that ended last fall - an increase of nearly 50% from a decade ago. The sum dwarfs the lobbying bills of the state's largest labor unions, big oil companies and other energy interests combined, according to the California secretary of state's office.
CALIFORNIA | LOCAL
July 30, 2012 |
The jagged foothills, withered pastures and a web of horse trails along the Santa Ana River give the state's newest city a hint of the Wild West. Jurupa Valley's money troubles, though, are pure modern-day California. Jurupa Valley may be broke in a year, even though the city is so new that it has no permanent employees, no generous employee pension plan and runs City Hall out of a leased strip-mall storefront next to the Lucky Wok Chinese restaurant. Without a financial rescue, the city will have to shut its doors, sending the mishmash of Jurupa Valley communities back into the ether of unincorporated Riverside County.