Land Use Attorney Explain What is Fueling California's High Housing Cost | Jennifer Hernandez
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- Опубликовано: 6 июн 2024
- "Housing is the top target of environmental lawsuits in California. Want to build housing, even put a prefabricated trailer home on your lot? $20,000 for traffic, $20,000 for sewer, $20,000 for electricity, $10,000 for transit, $5,000 for public art, just in fees. San Francisco got up to almost $300,000 per apartment before land, construction, and labor. And many jurisdictions are charging over $100,000".
The cost of housing has skyrocketed in California. Siyamak sits down with Jennifer Hernandez, a land use, environmental, and civil attorney with 40 years of experience. Join us as we dive into all the components that make the cost of housing much higher in California than in the rest of the nation.
"People don't believe it's possible, that it's legal. But in fact, it is. And it happens all the time. A piece of wood doesn't need to cost more here than it does in Nevada."
0:00 Intro
2:08 Is California's Housing Crisis Self-Inflicted?
4:34 California's Strange Approach to Home Design
6:13 Fresh Air vs. Filtered System
9:30 Californians Pay Through the Nose
12:15 Exorbitant Fees Charged to New Residents
13:35 Where Do All Development Fees Really Go?
22:06 Baseless Legal Battles to Stop New Homes
23:35 Environmental Laws Have Gone Wrong
26:05 Why Blue States Can't Build
28:04 Betrayal of the Democratic Base
31:15 CA's Strange Way to Calculate Emissions
33:05 Wealth Transfer in Name of Climate Change?
34:44 How Green Policies Hurt Working Families
40:05 The Tragedy of ‘Five Over One’
41:25 'Affordable' Isn't Affordable After All
44:44 How Special Interests Keep Prices High
46:45 Can California's Housing Crisis Be Solved?
#californiainsider #housingcrisis #affordablehousing #fee
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Love this lady, she explain the insane corruption happened in California so well. Thank you!
Doesn't matter how well she explains. People just keep voting the bad politicians.
REDLINING by ANOTHER name!
This insane corruption is happening in the whole country, especially Washington DC!! Where ever the Democrats go the corruption and insanity follows!!!!
Love listening to her very informative why what's happening
Same thing happens in Arizona, our system is corrupted.
The higher the prices the higher the corruption
I like the "Art" fees in Compton or Watts. Artwork depicting gangsters robbing supermarkets? Oh we already have that art!
Better said: the bigger the corruption, the higher the prices.
It's becoming practically unaffordable to live in this country, not just in California. Let's be honest here.
Yes, but California is on another level of expensive
🇺🇲
Thanks for your honest and truthful post. It's happening Nationwide and so-called added fees are an issue but not the cause.
@@MrJimmy3459 The coast of California...The cost of houses in the desert of california is cheaper than Idaho.
They don't want us to live. They want us to die.
She is 100% correct...I bought a small lot to build our home in Rancho cucamonga Ca. I was in shock to learn that the fees will add up to close to $100,000 😳😲 I had no idea the permit fees will be that much. I bought that lot almost three years ago, and sadly haven't yet build bc of the darn fees. Had I know, I would have not bought the lot. And not to mention still paying taxes on the lot. I should have done my homework before buying a lot to build a home ....
I live in Tokyo, Japan, one of the largest and most densely populated cities on earth. Yet, housing in Tokyo is affordable, and the entire country of Japan (123 million people) has half as many homeless as the city of Sacramento (half a million). Why is housing affordable in Tokyo? First, there is minimal housing and construction regulation. There is virtually no zoning, meaning you can build a home, shop, school, or factory pretty much anywhere, or even combine all of these into a single structure. Second, neighboring landlords have practically no say in what you build on your own property, regardless of the effect your new structure may have on the value of their property. Newer buildings, as a rule, drive down the value of older buildings, which may not seem fair to their owners, but the effect is to keep the overall real estate and rental prices lower.
Another point is the way the government in Japan works. Japan's election system is interesting, it is illegal to donate money to political campaigns, to politicians, or political parties. Anyone can run for office in Japan, you petition the people in your district, and if you get enough signatures, your name is put on the ballot, and the government funds your campaign. All candidates get the identical amount of financial aid and speaking time. This system prevents candidates from making deals or promises in exchange for campaign contributions.
An even more interesting point is that unions have no power in private business or government. Politicians cannot buy the votes of union members with taxpayer money. An added benefit to this system is that labor unions do not constantly lobby for ever higher wages while demanding ever lower standards.
I live in the most expensive district in Tokyo, some of the homes in this neighborhood cost upwards of $50 million. Yet, there are small apartments in older buildings which can be rented for less than $1000 per month. Basically, Japan's housing is based upon the free market, more desirable places are more expensive, less desirable places are less expensive. Those who can afford better places can find them, those who can afford less expensive places can find them.
In the US: Greed capitalism egotist democracy prevails. Japan is densely populated but the culture is polite disciplined and hardworking. Japanese care about each other. STEM cells and technology prevails. Not sure why fruit and veggies are expensive. Not enough land.
@@CC-kl4nh There is no capitalism in America, though there is plenty of greed. Capitalism is defined as "free markets," but if you are trying to build a home, apartment building, factory, or anything else, there is nothing "free" about it. In 1931 FDR and his administration were trying to pin down the cause of the Great Depression. Some said that the cause was capitalism. FDR replied "It isn't that free markets have failed in our time, but that they haven't yet been tried." If the President of the United States said in 1931 that America wasn't a capitalist economy, what would he say about today? The goal of business today is to make markets less free, so that they can limit competition and monopolize larger parts of the market.
Interesting about the political differences. Good ideas. I wonder about no building regulations at all after traveling in south America. Half built houses, no standards sometimes, but the creativity is refreshing as well. I don't know, I guess balance is great.
What's the cost per square foot to build new and to rent? I guarantee it's higher there.
@@cropduster123 New condominiums in the Toyosu and Kachidoki districts of Tokyo (these have ocean views) are selling for a fraction of what similar units would sell for in LA or San Francisco. A 3 bedroom condo in a building with a playground, daycare, and other services is about $1.5 million, 1 and 2 bedroom units cost less. If you are living outside Tokyo, you can get a new home or large condo for well under $200k.
Moral of the story…don’t build in CA.
Don’t buy to own in CA.
It should be no money no talk
California millionaires disagree with you
this is similar in other states, our governments wanted higher housing price. This is by design, not a housing crisis. housing crisis mean our home value go down, then the governments will do something to pump up the price again
No.....don't vote Democrats
Nomad Capitalist, " go where you and your money are treated best".....right now, that place is NOT California.
Agree!
I respectfully disagree
@@SamuelClemente7718 curious is what way?
Jennifer Hernandez is an excellent attorney. She knows what she’s talking about.
This guest is really good. You don’t hear this kind of detail from just anyone.
Corporations/LLC buying single family homes is the problem!!!!! 60k homes owned by “Invitation Homes inc.” alone in California!
Don't forget how many properties are owned by the Chinese government as well. And many other foreign governments.
I know how dare we infringe upon big business and their "right" to be greedy.
The markets would easily fix themselves if they were to
- Limit individuals to a maximum of 3 properties OR 15 acres (650k sq ft), whichever comes first (that is a LOT of land for an individual).
- Also to limit businesses to 10 properties OR 30 acres, whichever comes first. Exceptions should be made for businesses considered to have a national economic interest such as department stores, amazon, farms, and the like.
- Businesses owning property cannot be split into shell companies to have them under the same umbrella of corporations and must be entirely uniquely owned and managed. (This would prevent the blackrocks, Invitation Homes, etc, from chunking large swaths of the market.)
- No foreign ownership of land. This is a Huge one. All land purchased within the USA must be purchased by a citizen of the USA who has been such for a minimum of 10 years. Straw purchases for foreigners should be severely punished with imprisonment and fines of multiple times of the value of whatever property is straw purchased.
If these changes were made, we'd see the housing market in the US level out and become reasonable for the little guy once more. Of course, because changes like these actually help the little guy and not those in power, we won't ever see them.
Our state just too corrupt 😢 we've lost it , the fight will BE ugly VOTE 🗳
Trump will not make it any better.
Too bad Bernie Sanders is not running for president. You can blame the DNC.
Unfortunately I’ve read that Governor Newsom has a tight grip on the Teacher’s Union. That’s one of the strongest supporters in the state.
I don't think y'all will be able to vote your way out of it now. Maybe 20 years ago when it didn't just take a simple majority vote to increase state spending but now you'd have to win every single time just for the chance to move 1 step forward.
A woman died for my right to vote and since ERA wasn't ratified I'll vote every chance I get. That being said I have to agree somewhat with @warlordshogun. I mean why have we not done anything to get rid of electoral college before this presidential cycle?
Our sheriffs sport gang tatts, we have a new top cop in LA, hopefully he can clean things up. Sure we have better fast food workers minimum wage, meanwhile in medicine we remain deeply underpaid while patients are not getting what they pay for from medical insurance. Thanks insurance bureaucrats for robbing us blind. Shall we talk about home insurance?
I’m an electrician. If you want to rewire a old home to modern electrical requirements a switch cost $80 instead of $5 to meet Title 24 requirements.
I think you have the best guests. I appreciate that you let them talk without interrupting.
Thanks 😊 ! Pls Join our CA Insider newsletter: bit.ly/Cainsidernews
Please. Pleeeeze STOP making excuses for CORRUPTION, LOBBYISTS, RICO, STUPIDITY, IGNORANCE,
LIES AND GREED..
They don't make excuses. At least I have not noticed.
FINALLY .. I can listen for an hour and FEEL SMARTER WHEN I AM DONE.
I left in early 2022, and it seems that things have only gotten harder for people since I left. More homeless and mental health than while I was there through COVID. It’s a shame because that was my home. Born and raised for over 40 years. I have watched it grow and loved it for so many reasons. It’s been a heavy hearted decision each day to continue making a new home somewhere else.
All experts in real state, financial, politics... all...all...all..................WRONG WRONG WRONG.......In the specific case of California..
the explanation and ONLY explanation for the gargantuan cost of real state is..........GARGANTUAN ILLEGAL IMMIGRATION. California was 10 million in 1950
then 20 M in 1976...........now 39 M in 2024....duplicated in less than 40 years....LEFTISTS in Cal... go on... sanctuary state ? haha
this woman needs to be heard by all Californians.
All experts in real state, financial, politics... all...all...all..................WRONG WRONG WRONG.......In the specific case of California..
the explanation and ONLY explanation for the gargantuan cost of real state is..........GARGANTUAN ILLEGAL IMMIGRATION. California was 10 million in 1950
then 20 M in 1976...........now 39 M in 2024....duplicated in less than 40 years....LEFTISTS in Cal... go on... sanctuary state ? haha
One of the commenters mentioned that California is overly litigious and that we need more engineers and fewer attorneys.
I agree. And I am an attorney in California.
Engineers don’t want to live in Commiefornia. I know the names a dead giveaway as to what most engineers think of Commiefornia.
My subscribed was removed ... your reporting is not what they want to see available. Thank you for never giving up.
As a multigenerational Californian who worked and sacrificed to establish myself as a home owner - I never wanted to leave but my husband’s company was driven out just like all the others after I had a baby. Came from a union family. It’s definitely immoral.
I'm in a Union. Workers had many more rights with unions, and most workers believe Unions are evil, or whatever. The idiocy was Unions getting involved in social issues; and that made Right Wingers motivated to attack them. Then the money bought off the rest. Very few union jobs left unfortunately. Instead, you have the very few becoming Billionaires. The American Dream.
The US Supreme Court decision she was talking about concerning excessive fees was because of a suit brought by The Institute for Justice. They do great work defending our freedom against government over reach. I highly recommend people look them up and support their cause.
Liberals are very liberal with fees. Time for people who vote blue to take the red pill.
Love this lady. Left California after 30 years. Saw what was going on and made me sick. And the sheeple keep voting for this.
Like Germany. A 200k house gonna cost you 500k to build. All in the name of climate and regulations and permits.
Absolutely disgusting how these policies and non profits have destroyed the reputation of this state
ALSO, STOP the SANCTUARY MADNESS..
OMG, those fees are out of control!
California air was the cleanest during covid when no one was driving, and the freeways were empty. It was wonderful.
the absolute best episode of your fantastic show ever. very informative
All experts in real state, financial, politics... all...all...all..................WRONG WRONG WRONG.......In the specific case of California..
the explanation and ONLY explanation for the gargantuan cost of real state is..........GARGANTUAN ILLEGAL IMMIGRATION. California was 10 million in 1950
then 20 M in 1976...........now 39 M in 2024....duplicated in less than 40 years....LEFTISTS in Cal... go on... sanctuary state ? haha
wow ! couldn´t stop watching the whole talk !!! great lady. hope things get better in califnornia
this woman is fairly knowledgable, i'm impressed
She’s a Democrat tho
What’s Newsom doing with all this money?
The State Government takes in all of the fees and taxes to pay it's administration class to manage all of the hand outs but most of the money pays all of these people that manage public programs and very little of it goes to the people who need the help. It's the biggest scam in the world. Take money from everyone everywhere they can get it and pay off their friends to manage public works programs in the name of helping the poor. Similar to non-profit charities keeping 90% of the money collected for "administration services".
Feeding his own bank account. Corruption rains supreme only in California.
You mean, OUR TAX DOLLARS.😡
"Tight Buildings" = toxic air syndrome.
God bless this lady
Rampant corruption, mismanagement and lack of accountability. The state has gone from $100billion budget surplus in 2021 to multibillion deficit in 2024. Rise in crime, high cost of living, strict regulations are forcing businesses to close or relocate. Yet officials continue to spend like there is no problem.
Voters need to stop blindly voting down party lines and demand accountability from local and state officials.
@California Insider: Thanks for another informative video.
It’s obviously just corruption.
Its high time the United States regulates the out of control Legal system that is sue happy. I realize a whole bunch of people went to Law School and need to get an ROI on that but guess what,? America needs more engineers and less lawyers.
The court room is a Perpetual Motion Machine for lawyers
In California we had a small cafe built in 1935 that closed after it could not accommodate handicapped parking. The attorney who represents ONE alleged handicapped person flies a private jet all over California closing one old business at a time while enriching themselves.
@@crimestoppers1877 Yep’ that is exactly what court-room/law-suit attorney’s do. We live in the land of Lawyers, by the lawyers, for the lawyers, this is why ordinary folks, are unable to have anything nice.
@@ChesterSm-ge1hb Well the answer might be simpler than we thought? Tactfully eliminate ALL the lawyers? As the bard William Shakespeare declared ""Let's kill all the lawyers" a line from William Shakespeare's Henry VI, Part 2, Act IV, Scene 2. The full quote is: "The first thing we do, let's kill all the lawyers".[1] It is among Shakespeare's most famous lines.[2] I like the rack as a way to encourage attention and compliance. ruclips.net/video/72vX7xnM-dc/видео.html
@@ChesterSm-ge1hb I know, I work for these rats. They are big when it comes to promises but getting paid is like squeezing water out of a rock. When they don't pay I focus on them. They always pay later and hire me back at a higher hourly after I have been "fired" for complaining.
Better off to leave. California has already failed. Lost cause.
yes, leave and sell my your property
@@importon Your late to the party I did that long go and now retired with lots of cash flow.
Thank you California. All my friends investing is going out of California into red states and other countries. California has lost and doesn't even know it. It's gonna be a bunch of old crusty oligarchs with brown and black peasants they deliberately keep that way. 😆
@@stevosworld4896 my hero
Nice try, but you ain't getting me to sell my Beach House on the cliffs in Corona del Mar :D
I'll be avoiding all those fees and taxes in CA simply by moving out of the country, not just leaving CA......I'll be dropping my taxes/fees by 90%
Amazing!
Please don't leave
@alfred1535 You stay and keep wasting your tax dollars. I worked too hard for my money while your government throws it away......you keep doing you
@@alfred1535no its better. Runnnnn
@@AKAAAKwhere are you going?
Heated blankets are a game changer. Why heat the whole house when you can heat hust your bed or wherever your lounging
Ahhh but they take up electricity see!! Lol. So you THINK your gaming the system but at the end of the month when the bill comes and wonder why it's higher, you'll know why lol. Love the idea though. I own a home and would love to be able to just use those for me and everyone in my house.
@@Gargamel19 I mean obviously it needs electricity but it's much less than trying to make all the air in your house cozy. I personally don't have ax or heating in my house and my legs don't heat up so a heated blanket is the best way to fall asleep since cold legs don't let me sleep
Erm how do you do housework in a freezing house? Battery powered blanket? (Hey, that's an IDEA)
@@youbetyourwrasse there actually is a portable battery blanket but it's expensive. I mean when you get moving you get hot and take layers off. when you just sit or lay there you get real cold. So house work isn't a problem once you start moving
@@beef_trachea assuming your not at your average limit according to SDGE which I AM lol.
Everyone in my house would have to have a blanket and there's four of us lol.
Yes also moving around does absolutely help too. We also have a fireplace we can use but even when you close the flew to keep the cold air out, you can still kinda feel a draft lol.
Excellent interview 👏. After watching this - game over. There is no hope left for this state. Politicians have screwed over the people into oblivion.
Great content!!! Very informative!!! Thank you both and the crew for putting this together to wake up the people!!! 👍
California? The whole damn country is unaffordable!!!
No true. Middle america is affordable
@@freefoodtv 🤣🤣🤣🤣🤣
Not one county, not one in the entire country, is affordable, not one, scotus April 22nd
This is not even remotely a partisan issue. Nimbys are on both sides. It's more of a class based issue. Wealthy oeople don't want the poors anywhere near them. She is correct about many things here, but framing it as a blue state thing is disingenuous.
Agreed, it's an artificial housing crisis, there are literally 25 units available for every 100 that need them, they are pulling a debeers playbook , besides blood diamonds, supply and demand.... So if 100 are fighting over 25 slots what do you think is going to happen?! Also they have inflated property values so high, that the owners are complaining about the property taxes
Okay. Reading all the unsubscribed comments thinking people are just loosing it. Then I myself realized I was not a sub which isn’t right. Been a consumer of the channel a long time. Sorry guys you are totally right.
Just found that I’m not subscribed to this channel. I know that I was always subscribed! RUclips silently unsubscribes people without notice!
Thanks for this comment, same happened to me
Same happened to me
Same happened to me and my comments saying so seem to get deleted instantly
Me too!
My cousin's family has lived in their home for about 20 years. He said that his prop taxes would double to $10K if he were to purchase an equivalent home in CA. So, he's not moving.
Because he’s not grandfathered in to prop 13. This is why they say exorbitant fees to new home owners aka younger people
I wish schools in California would open the windows in the spring instead of keeping the windows closed and blasting the AC at 64 degrees.
Glad to see you back in action! ❤
What an incredible episode!!! Yet again!!
🏆
CA got what they voted for... Then they moved to your state
Except alot of us didn't vote for this bs, all those homeless people and section 8 folks that our representatives take care of keep them in power here.
The "tight" buildings Jennifer describes are allergy nightmares. "Sick building syndrome" is a thing and it starts with making a building "tight" so air from outside doesn't circulate. They are terrible for asthmatics and all children.
New tight homes recirculate conditioned air after passing through equipment to remove dust and allergens. The results are objective. There are cases of 'sick commercial buildings' causing health problems which turned out to be completely psychological. All we remember from the 2 minute news story was that several people got sick, and some were taken to the hospital. We do not hear the follow up story that the sickness was all in the heads of those claiming the maladies. Check out the great discussion by Malcom Gladwell on the topic.
Wow..... What an amazing insight. She is awesome. This was like watching a TED Talks.
Its the homeowners who don't want any more housing built. So they vote for those who enact these laws under the guise of saving the environment.
So many reasons why people are leaving California in droves. 🖕
Great guest…. Very informative .
I am pricing out a house in silicon valley on 5 acres We applied for the permit 2 years ago and still don't have it It is santa clara county The house will cost about 800 a sq ft. which is about 1 million more than it would sell for. Ca is an evil state
Is this the house that was to be built in the Coyote Valley area? I feel bad for you - especially since the county board of supervisors has voted to take that land through eminent domain.
@@probablynot1368 No it is by Chesboro lake it is a house on 5 acres in a tract the owner hired a architect 3 years ago and submitted the plans to the county 2 years ago we still don;t have the permit The fire department had it for at least 6 months then they passed it The state fire got the plan and rejected it and it has gone on and on . maybe we will get the permit this year maybe not
I've lived in LA all my life, and one thing I've noticed is how all these investment companies (chinese mostly) are taking over poor neighborhoods and making it even more expensive to live on. Echo park was sort of an experiment back in the day where investors came in and bought property, made it really expensive to live on, and now mostly white rich people live there. Gangs were used as an excuse to invest, raise rent, and drive a large Latino population out of there. It did rid of a lot of gangs there, true, but at the expense of hard-working, honest people. The same is being done throughout all of California now! Those of you reading this that keep voting blue, please do us all a favor and stop voting for these idiots!!! It's hurting not just me and people like me, but it also hurts you. Swallow your pride and vote differently for a change. This state isn't just yours. it is all of ours! I know truth really hurts, but your party hasnt done better for all of us. Im not saying red is amazing, cuz they're not, but at least it will be a point towards the right direction. A different direction at least. We need California to be great again!!
I would vote for Jennifer she’s smart thoughtful and knows what needs to be done.
She's too smart to run for office.
This is great. Thanks for doing longform interviews on subjects that matter.
Thanks 😊 ! Pls Join our CA Insider newsletter: bit.ly/Cainsidernews
I am one of the old people. I have a house on a hill looking down at the Pacific Ocean in SF California. I bought in the 1990s and my property taxes are low and my mortgage is a low 3+% (I used the house as an ATM for kids’ private schools/colleges, etc. and refinanced). My house is old with fresh air coming in from the sea. No air conditioning necessary in my part of the Bay Area. Still have natural gas appliances. My housing fees are low. I couldn’t afford to buy my house today, much less to buy new housing here (none really exists that is comparable SFH). My wife and I are retiring soon and this is a great place to live bc it is cheap for us. Great medical facilities, restaurants, public transportation, and very walkable. In fact, it makes no sense to sell our house or move due to huge equity gains that exceed the $500k exclusion several times over. California taxes such gains as regular income. So I am a prisoner in paradise. 😢 All I can do is drive an hour to the wine country for lunch to assuage my grief and drown my tears in Cabernet.
Why the hell aren't the roofs white???
Very informative discussion
Thank you for your contributions
Too many out of country investors buying blocks and blocks of homes, then rent them out for thousands per month! It’s killing the housing market, at least in my area.
May 31 is my last day in California. I’m so happy to be leaving.
So knowledgeable, so articulate.
Thank you.
Glad it was helpful! Pls Join our CA Insider newsletter: bit.ly/Cainsidernews
All these stupid regulations should be stopped.
Brilliant analysis. Thank you...
You get what you vote for 👌🏿🇺🇸
The most obscene wealth transfer is taxing the middle class to give to the poor. It just keeps both classes poor.
And a good percentage of the poor AREN'T American. That's our gift for playing nicely. #GoodGrief #SelfDestructiveBehavior
The cost of voting for corrupt Democrats.😊
Vote republicans.
Bravo 👏👏 well said
Thank you for all of your videos I learned so much
⭐ 916 CA ⭐
Great guest, very smart person. 👏😎🏠
It’s unfortunate that my family of 4 cannot afford our 1st home in CA. My husband & I are born & raised in southern CA & make a low 6fig. income combined & cannot afford to buy here 😢
Come and buy in Las Vegas. I will help you find one.
Canada, Vancouver municipaliies, is not far off . Jist fees for one little duplex.is $80k. So if a small lot wants to build 6 duplex homes on what was a single home lot, it is 6 x $80k for the city coffers.
I.
Watching this video makes me feel grateful where we live which is in rural southern Indiana. We moved from the north of the state for our retirement 14 years ago and nothing much changed when it comes to affordability like housing, food, transportation, employment opportunities, and quality of life like low crime , community spirit, and health outcomes. Even my son who after graduating from business school and started working in Chicago’s business district decided to join us for better life work balance. He used to play ultimate but now he’s an avid disc golf player because we’re surrounded by golf and disc golf parks in the counties in the south. He thinks where we are is the best kept secret to live and let live. Watching CA disintegrate as described here especially with its quality of life due to untenably high cost of living is like watching a horror movie without any ending.
My father bought a whole bunch of houses in California a while back and now he’s selling it. He makes millions of dollars from it. Thank you California for making my father‘s wealth possible.
Well, when the tax season comes … other than that, yes it’s a blessing
@@bulldogfightingforfreedom Well, I for one, would love to pay Warren Buffet's taxes. Because that would mean I had Warren Buffet's money! Hahaha! And as he says over and over again, he pays less, by percentage of income, than his secretary.
This was an amazing interview. California is fucked.
So THIS comment is ♥️ by the CA Insider? Clearly not the way a legitimate journalist would act.
Seems they have political motives to me.
Thanks Newsome!!
Bought a CA house built in 2020, and the property tax is DOUBLE for the first 30 yrs .
In 2024, new law implemented that after you sell or change name on deed, the property will be reassess. (Limited exceptions). Another way to steal money from new owners.
Sell it, have good equity, and move to Las Vegas.
@@ClarisNdoroRealEstate better hope your power grid doesn't die toots.
Wow, amazing video. I have learned so much, thank you, and keep putting videos like this. This lawyer has opened up my eyes to the real problem. How sad
Excellent! Pls Join our CA Insider newsletter: bit.ly/Cainsidernews
You should read California YIMBY's new policy platform. They talk a lot about how environmental regulations are increasing housing costs. They also point out that requiring developers to build subsidized housing actually increases housing costs because many projects can't get built as a result of these affordable housing requirements.
Segregation solves all real estate problems.
Fee are aka taxation. What happened to taxation without representation??
That's not what this is. Californians have state, local, and federal representatives. They're just not voting the bad ones out of office.
Yep, I had a lot for 30 years, when I had money to build could not afford the fees. So now, retired, I am in a 5over1, 1 bedroom apartment on a transit line. The apartment is very nice. Now trying to get rid of my car to avoid high parking fee. I do prefer my ebike.
Funny how I could relate to so much in this video.
👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👏🏻👏🏻👏🏻👏🏻👏🏻 Another Great Interview. Love this channel!!!
Can you please develop a story on how cooperate purchases of single family homes is a significant reason for housing cost.
People expect to profit from homeownership,
if you paid a mortgage for 20 years and didn’t profit, you might as well rented instead of purchasing a home.
I bought a home in CA in 2008 and now have $400k in equity.
I agree with everything the guest said, except her plea not to leave. I'm planning on leaving when I retire. I can live a much more comfortable and secure retirement without California taxation. I'm moving to Nevada and expect to save $18K a year in income and property taxes.
Great conversation, I enjoyed the perspective
So glad!😊 Pls Join our CA Insider newsletter: bit.ly/Cainsidernews
The best guest yet
I love this lady ❤
Today is my birthday I'm so Happy 🥳
Happy B-Day, wish you all the best! 🎉
Why fix the problem when they’re making millions from fees. Vote them out!
She's right on. Keep up the fight.
Love this channel
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Love your channel! 😊
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All from a State who continues to remind one to watch A/C and Heating use, to keep from putting undue stress on the grid, and then offers one taxpayer funded subsidies to purchase an EV, thereby increasing the stress on the grid. You simply can’t make this stuff up.
Great explanation of the problem. However, I don't see the solution as long as those in power remain in power. Mailing ballots to every household in the state guarantees they will remain in power.
Some foreigners with children, collecting welfare benefits for them have moved back to their homeland. California ballots are mailed to them in a foreign country. They vote democrat to continue receiving welfare benefits for their children and in some cases for themselves.
It's called socialism.