March 30, 2012 |
Economists generally don't go into politics, which is probably a good thing for Christopher Thornberg , who has declared war on Proposition 13 . The popular 1978 ballot measure that capped property taxes in California is “one of the most horrendous, unfair, regressive taxes in the history of the United States,” the former UCLA economist declared at a televised hearing in Sacramento earlier this month. (You can view it here , starting at about 31:36 minutes.) Zap!
CALIFORNIA | LOCAL
December 16, 2009 |
So here I am at the Beverly Center, looking at a pair of $228 jeans from Bloomingdale's, and I can't remember my duty as an American: Am I supposed to buy these overpriced trousers and everything else in sight to help fuel the economic recovery? FOR THE RECORD: Steve Lopez column: In Wednesday's Section A, Steve Lopez's column referred to the Los Angeles County Economic Development Corp. —where Jack Kyser is chief economist -- as the Los Angeles Economic Development Council.
August 25, 2007
Mortgage: Christopher Thornberg's Op-Ed piece on Friday about Fannie Mae (the Federal National Mortgage Assn.) and Freddie Mac (the Federal Home Loan and Mortgage Corp.) said that Fannie Mae had been around for nearly 60 years. It has been nearly 70 years since it was formed in 1938.
October 10, 2013 |
Looking for the American dream in Los Angeles? Good luck with that. A household earning the county's median income - $53,001 annually in 2012 - can only afford a home worth about $271,000, a price point better suited to the Midwest than the West Coast. That means a typical buyer can afford only 24% of the homes currently for sale, according to a study released Thursday by Trulia, the real estate information company. Los Angeles County is the nation's third-most-expensive housing market by this measure - behind only San Francisco and Orange County.
December 21, 2012 |
California's unemployment fell below 10% in November for the first time in almost four years, thanks in part to a holiday hiring surge by retailers. The jobless rate fell to 9.8% from 10.1% in October, according to data in an overall jobs report released Friday by the state Employment Development Department. The drop in the unemployment rate, based on a survey of households, came even as a separate payroll survey found that employers shed a net 3,800 jobs in California, according to the report.
March 12, 2014 |
The Southern California housing market is stuck in neutral, raising questions over whether the recovery will pick up this spring. Home prices stayed essentially flat in February while sales tumbled, research firm DataQuick reported Wednesday. Buyers continued to hold back even as more homes trickled onto the market. No one's predicting a new slump, but some experts believe the market has hit a plateau. "I think this year will be flat as a pancake," said Leo Nordine, a real estate agent in Redondo Beach.