The state mirrors a national trend of investors buying up housing to rent.
In California, 19 percent of homes are owned by outside investors — just below the 20 percent national average. This accounts for 8 percent of all investor-owned homes in the United States.
According to an article in the OC Register by Jonathan Lansner, “That 19% share is meek compared with where U.S. investors are most intensely busy – in states with small populations and tourism hooks. Those states include Hawaii at 40%, Alaska at 35%, Vermont at 31%, West Virginia at 30%, and Wyoming at 30%.”
California has one of the nation’s highest percentage of renters, at 45 percent. But the high cost of housing deters investors, too. “And underlying economics seem tepid. California’s flat population over five years ranked No. 47 and its five-year job growth at 3.8% was a middling No. 25.”
FULL STORY: 19% of California houses are owned by investors
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Planetizen Federal Action Tracker
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Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
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Learn the tools for implementing Universal Design in planning regulations.
Heyer Gruel & Associates PA
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New Jersey Institute of Technology
Mpact (founded as Rail~Volution)
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