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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.
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 ...
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 ...
The Real Estate Commissioner is appointed by the Governor, and serves as the chief executive of the Department of Real Estate. [4] Chika Sunquist was appointed Commissioner of the California Department of Real Estate (DRE) by Governor Gavin Newsom on November 28, 2023, and she assumed office on January 3, 2024. [5]
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 ...
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 ...
California has the highest marginal income and capital gains tax rate and is in the top ten highest corporate tax and sales tax rates nationally. In 2016, California had the 17th-highest per-capita (per-person) property tax revenue in the country at $1,559, up from 31st in 1996. [ 30 ]
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