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The Central Valley in California subsides when groundwater is pumped faster than underground aquifers can be recharged. The Central Valley has been sinking at differing rates since the 1920s and is estimated to have sunk up to 28 feet. [1] During drought years, the valley is prone to accelerated subsidence due to groundwater extraction.
From 1989-1990 The Monterey Hills Development on whole was the subject of the longest civil jury trial in Los Angeles County History due to land subsidence. The Castro firm sued the massive 200-unit Eaton Crest project in Monterey Hills, a structure that was constructed on an unstable 100-foot-deep (30 m) backfill. The Los Angeles Times ...
As reported earlier this year by the Wall Street Journal, fewer than 500 homes have been built since a 2021 law, SB 9, was passed allowing owners to split their single family home lots in two, and ...
California Tax Deductions & Credits . There are two ways to reduce the tax you owe: Deductions and credits. Tax deductions reduce your taxable income. If you made $100,000, for example, and had a ...
The think tank Institute on Taxation and Economic Policy (ITEP) considers property tax caps like Proposition 13 poorly targeted and instead advocates "circuit breaker" caps or homestead exemptions to levy property taxes based on ability to pay; [36] yet in 2018, ITEP ranked California's tax code as the most progressive in the United States, [37 ...
The MLS is a database of homes for sale in a particular geographic region. When real estate agents list a property for sale, they add it to the MLS database, allowing all agents and brokers in the ...
Subsidence frequently causes major problems in karst terrains, where dissolution of limestone by fluid flow in the subsurface creates voids (i.e., caves).If the roof of a void becomes too weak, it can collapse and the overlying rock and earth will fall into the space, causing subsidence at the surface.
New homes built to current California code "are completely different from the homes in Altadena that were built in the '20s and '30s," he said. "We know that we can build master planned ...