Tag: Real Estate

California needs to dramatically increase the number of homes we are building in order to shelter the nearly 40 million people who live here – 3.5 million new homes to be exact, including apartments, multi-unit buildings, mixed use, etc.

Imagine owning your own home. For a lot of people, that’s the pinnacle of success; the American dream. It’s what many hard-working Americans spend decades trying to achieve. But for a moment, imagine what it would feel like if you owned an entire country or even the moon.

Fresh from beating back a recall, the governor signed a package of bills to address the California housing crisis. But what do these new laws mean for housing affordability in a state where median home prices have already shot past $800,000?

Gov. Gavin Newsom of California has sold his Marin County home in the enclave of Kentfield, CA, for $5,895,000. The politician and his wife, the actor and filmmaker Jennifer Siebel Newsom, placed the remodeled midcentury modern mansion on the market after Newsom took office. His family has since moved to the Sacramento area.

Long Beach’s California Heights neighborhood, the city’s largest historical district, was baptized in oil. The area just north of Signal Hill was once grazing land for Jotham Bixby’s livestock on his family’s Bixby Ranch, later named Rancho Los Cerritos. When oil was discovered on Signal Hill in 1921, Jotham Bixby’s Land Company subdivided the tract and offered individual sites for sale, strongly suggesting that you’d become a wealthy landowner once oil was struck in the lowlands, mere blocks away from the oil-rich hill.