The State of California

New homes won’t cure housing affordability problems – San Diego Union-Tribune - Price of New Homes significantly above the price of resales (but cheaper per square foot) Overall Residential Real Estate Summary Countercurrents create turbulence in the housing market, but current new construction won't help moderate housing prices, and it's not just in California. Here are the key trends in housing prices and sizes for new construction versus existing homes in California and nationally: California: 1. Price: - New homes in California are generally more expensive than existing homes, with a median price of $1.14 million for new construction vs. $935,000 for existing homes (22% higher). - However, the price premium varies significantly by metro area, from 79% higher in San Jose to only 4% higher in San Francisco. 2. Size: - New homes in California are typically larger than existing homes, with an average of 2,020 square feet for new construction vs. 1,585 square feet for existing h

California Supreme Court Ends Legal Snafu Over Gig Drivers – Upholds Prop. 22 – California Globe californiaglobe.com In November 2020, California voters overwhelmingly passed Proposition 22 , to exempt all rideshare drivers from being classified as employees. But labor unions and some drivers sued to halt the proposition. Thursday, California’s Supreme Court upheld Proposition 22 , allowing drivers at Uber, Lyft, and other ride share companies to operate as independent contractors, rather than employees. Prop. 22 was initiated to exempt all rideshare workers from being classified as employees because of the very controversial AB 5 , the labor union-funded contractor reclassification law that went into effect in California in January 2020. AB 5, authored by Democrat Assemblywoman Lorena Gonzalez (who left the CA Legislature early to head up the California Labor Federation), completely redefined independent cont

2024 California ballot measures: What you need to know calmatters.org Summary Here's a summary of the key points from the article about California ballot measures for 2024: 1. There will be 10 propositions on the November 2024 ballot in California, covering issues like crime, health care, rent control, and taxes. 2. The final list of measures was set after several changes, including withdrawals by proponents and additions by legislators. 3. Key propositions include:    - Prop 2: $10 billion bond for school construction    - Prop 3: Reaffirming same-sex marriage rights    - Prop 4: $10 billion climate action bond    - Prop 5: Lowering voter approval requirements for local housing bonds    - Prop 6: Limiting forced labor in state prisons    - Props 32-36: Covering minimum wage, rent control, health care spending, and crime penalties 4. Five measures were withdrawn through compromise deals between proponents and lawmakers. 5. California has had the in

SAN DIEGO (KGTV) — Gas prices in San Diego County have dropped about 25 cents over the past month, but starting Monday, a higher tax will slightly increase costs. Where the Money Goes for a Gallon of Gas in California Component Imposed   Cents Cum Underground storage tank fee California 2.0 2.0 State and local sales taxes California 10.0 12.0 Mystery surcharge California 35.0 47.0 Environmental programs California 51.0 98.0 State excise tax California 58.0 156.0 Federal excise tax Federal 18.4 174.4 Distribution and marketing costs/profits Oil Co 51.0 225.4 Refinery costs and profits Oil Co 58.0 283.4 Cost of crude oil Oil Co 206.0 489.4 Summary There are several key drivers for the high cost of gasoline in California: 1. Taxes:    - State excise tax: R