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Housing Costs

March 15, 1998
Orange County's business executives may be bullish, as revealed in UC Irvine's executive survey, but all is not rosy. As we pointed out in your story Feb. 20 ("Bright Future Envisioned for O.C."), concern over high housing and building costs could cause 28% of the survey respondents to leave Orange County. Certainly, supply and demand are major factors in real estate costs. Orange County is a beautiful place to live, work and play, so it attracts new companies. Unfortunately, local governments don't often respond quickly enough when reviewing the new houses our new workers will need.
December 6, 1999 | Stephen Gregory
California is expected to add 6 million residents in the next 20 years while its stock of affordable housing is projected to shrink given current construction trends. Economists warn that housing shortages and high housing costs could threaten the state's ability to attract and retain workers and exacerbate traffic and environmental problems. On Wednesday, UCLA Extension is hosting a daylong conference to discuss ways to meet the state's housing needs.
May 30, 2004
Americans are so concerned about the cost of housing that they would like the government to do more to make housing affordable, according to a survey released Monday by the National Assn. of Realtors. The survey of 1,000 urban and suburban residents in the top 25 media markets found that 81% of voters would like the government to place a higher priority on affordable housing for renters and homeowners alike.
June 26, 1999
Dear Phil Jackson, I would like to officially welcome you to Los Angeles. Before you settle in, there are a few things you should know: 1. Yes, the traffic is as bad as you've heard. 2. Yes, the housing costs are as high as you've heard. (You may be able to get into a small but "cozy" condo on the Westside for $5 million a year for six years). 3. Yes, the team that you've inherited is as leaderless as you've heard. 4. Although the fans in L.A. may not be as passionate as those in Chicago, just remember this: Many of us have seen your arrival as the second coming of the Lord.
November 21, 2004 | From Times wire reports
The Golden State may be losing some of its luster for residents, given the surprising number of Californians who say that the cost of housing could drive them away, according to a new survey by the Public Policy Institute of California in collaboration with the Hewlett, Irvine and Packard foundations. While 41% of the 2,502 respondents said they viewed increasing home values in their region as a positive development, 49% said they were a bad thing for them and their families.
May 30, 1992
Background: The 1990 census reported that more than 228,000 people were homeless in the United States--nearly 49,000 of them in California--and admitted that it had not counted everyone. Activists contend the census grossly underestimated the problem. In the meantime, housing costs have skyrocketed. The median price for a single-family home in Los Angeles reached $222,540 in April. In 1990, the median rent in Los Angeles County was $626 a month.
September 7, 2008 | Peter Viles
The Los Angeles Business Council says Los Angeles is being squeezed by an "unprecedented housing crisis" that is hurting the region's economy. The council's "Workforce Housing Scorecard" contends that the gap between wages and housing prices in Southern California is the largest in the country and "has caused many middle-income workers to move farther away from job centers, enduring longer and more arduous commutes or forcing them to leave the...
June 17, 1989 | DAN FLYNN and DANIEL HOFFMAN, Dan Flynn is on leave from the office of state Sen. Gary K. Hart (D-Santa Barbara) and is a research assistant at the American Affordable Housing Institute at Rutgers University. Daniel Hoffman is the research director at the institute.
California housing prices are now so far out of sight that the American Dream of home ownership has become a pipe dream for many of the state's residents. Across the nation, and particularly in California, the rate of home ownership has declined throughout the decade, primarily because incomes have not kept pace with rapidly increasing housing costs. According to the California Assn. of Realtors, the median family income rose by 234% between 1970 and 1987, but during this same time period housing costs soared by 580%.
April 15, 2012 | By Kenneth R. Harney
WASHINGTON — How do you stack up as a potential mortgage candidate in this year's increasingly tough underwriting environment? Do you have the right stuff — credit score, debt-to-income ratio, equity or down payment — to get you through the minefield? A new statistical analysis, based on a large sample of all mortgage applications approved and denied in recent months, offers valuable benchmarks for anyone thinking about financing a home purchase or refinancing an existing loan.
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