California Debt Income 
Pro Builder
APRIL 19, 2023
Middle-income homeowners have seen their properties appreciate by 68% since 2012, amounting to $122,100 in equity wealth, according to the National Association of Realtors. Similarly, low-income homeowners reported $98,900 in equity gains, and upper-income households accrued $150,800 in equity.
Pro Builder
JUNE 11, 2021
California Could Cover 45% of a Home Purchase for Eligible Buyers. California Senate Democrats proposed a new program as part of its Build Back Boldly budget plan that would assist first-time homebuyers with purchasing by paying for—and owning—45% of the property. cbroderick. Fri, 06/11/2021 - 09:31.
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Buisness Facilities Contributed Content
JULY 3, 2013
We used to think it was only a matter of time before California sold off the Golden Gate Bridge, the Redwood Forest and other crown jewels to close a state deficit of more than $60 billion. California (along with Florida and Nevada) was hit harder than anywhere else in the U.S. What a difference three years makes.
Pro Builder
FEBRUARY 5, 2021
SmartAsset identified the salaries needed in the 15 largest metros to afford an average home payment and not exceed the recommended 36% debt-to-income ratio. The site compared median home values, property tax rates, down payment, homeowners insurance, and other debt payments to calculate these results. California is expensive.
Pro Builder
NOVEMBER 20, 2020
Nearly 67% of Americans are bunkered down by at least one non-mortgage debt. Data compared included median household income in each city, average non-mortgage debt, and median home values. Some big-city dwellers with debt may struggle to afford a home. Read More. . Housing Markets. Affordability. Housing Markets.
Buisness Facilities Contributed Content
FEBRUARY 28, 2013
Last year, a State Budget Crisis Task Force headed by former Fed Chairman Paul Volcker estimated California’s long-term debt at a staggering $370 billion. After swallowing that gloomy news, Californians trudged to the polls in November and approved a referendum increasing their state income taxes by a whopping $6 billion a year.
Buisness Facilities Contributed Content
JANUARY 17, 2013
While Dakotans have been thriving up North, few states were hit harder by the national downturn than California. The housing market collapse devastated the Golden State at the same time it faced a fiscal reckoning brought on by decades of piling up long-term debt. All of that may be about to change, seismically, for the better.
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