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The Ellis Act (California Government Code Chapter 12.75) [1] is a 1985 California state law that allows landlords to evict residential tenants to "go out of the rental business" in spite of desires by local governments to compel them to continue providing rental housing. The legislature passed the Ellis Act in response to the California Supreme ...
The Costa–Hawkins Rental Housing Act ("Costa–Hawkins") is a California state law enacted in 1995, placing limits on municipal rent control ordinances. Costa–Hawkins preempts the field in two major ways. [1] First, it prohibits cities from establishing rent control over certain kinds of residential units, such as single-family dwellings ...
Government policies and the subprime mortgage crisiscovers the United States government policiesand its impact on the subprime mortgage crisisof 2007-2009. The U.S. subprime mortgage crisiswas a set of events and conditions that led to the 2007–2008 financial crisisand subsequent recession. It was characterized by a rise in subprime mortgage ...
Forclosure is never a good sign — back in 2008 and 2009, it was a stark symbol of the Great Recession. This current data set shows a 7% increase from April, but twice that much from 2022, with ...
2021 California Senate Bill 9 (SB 9), [1] titled the California Housing Opportunity and More Efficiency (HOME) Act, is a 2021 California state law which creates a legal process by which owners of certain single-family homes may either build two 800-square-foot homes or one duplex on their property, to result in a maximum of four housing units on a formerly single-family lot, and prohibits ...
AP SAN DIEGO -- California home foreclosure activity plummeted to an eight-year low in the fourth quarter as price gains left fewer owners owing more money than their properties were worth, a real ...
The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, [1][2] refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including Bank of ...
Here's a scary number: Over 200,000 California tenants are directly affected by the rise in foreclosures. A report released yesterday -- "California Tenants in the Foreclosure Crisis" -- says that ...
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