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California’s top wages only buy 61% of typical home

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California’s top wages only buy 61% of typical home


“How expensive?” tracks measurements of California’s totally unaffordable housing market.

The pain: Even California workers making more than 75% of all jobs will struggle to buy a home.

The source: My trusty spreadsheet created an “affordability” index comparing the 75th percentile income in 50 states as of May 2023 – that’s the median of the upper half of all annual wages – from the Bureau of Labor Statistics against the median home value, as tracked by Zillow.

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The pinch

In a state where roughly half of all households own their home, it’s not hard to see why the 75th percentile pay is typical for house hunters.

In California this annual pay ranks third-highest in the nation at $93,250 versus $70,035 nationally. That’s 33% higher.

Tops for upper-crust paychecks was Massachusetts at $98,110, then Washington at $95,180. Lows? Mississippi at $55,870, Arkansas at $58,900, and South Dakota at $59,980. California rivals Texas was No. 22 at $72,640 and Florida was No. 30 at $67,600.

Then ponder pricing, California’s bane.

The typical statewide residence was No. 2 costliest in the US last year at $753,800 versus $325,750 nationally. That’s 131% higher. Yes, more than double.

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Top home prices were in Hawaii at $848,700. No 3. was Massachusetts at $586,600. Lows? West Virginia at $157,400, Mississippi at $177,100, and Kentucky at $200,300. Texas was No. 29 at $305,600. Florida was No. 17 at $390,800.

The point of pain

Now, think about who can afford to buy a home.

Imagine the buying power of a 7% mortgage for a borrower devoting 40% of those 75th percentage wages to the house payment.

In California, these wages buy you 61% of the typical residence. That ranks next-to-last and well below the 110% nationally.

Only Hawaii was worse at 45%. No. 3 was Utah at 69%. Tops was West Virginia at 193%, Ohio at 165%, and Illinois and Mississippi at 157%.

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And Texas was No. 20 at 118% and Florida was No. 38 at 86%.

Jonathan Lansner is business columnist for the Southern California News Group. He can be reached at jlansner@scng.com



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California

With progressive ballot measures on track to fail, California's political identity is questioned

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With progressive ballot measures on track to fail, California's political identity is questioned


There was no surprise on election night when a solid majority of California voters selected Democratic presidential nominee Kamala Harris over former President Trump. But the outcomes of a list of ballot measures told a more complicated story of a state known for its liberal bent.

Voters overwhelmingly supported a measure to undo a decade of progressive criminal justice reform, and preliminary poll results showed they were poised to reject measures that would increase the minimum wage and ban forced prison labor.

Proposition 6 — which would ban “involuntary servitude” as punishment for a crime — lacked majority support in deep-blue California on Wednesday even as supporters promoted it as a way to end what they call modern-day slavery. A similar measure was on track to pass in Nevada.

California voters also rejected a measure that would have made it easier for cities to impose rent control and pass local bond measures for affordable housing.

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Some progressive voters in the state, where Democrats control the governor’s office and Legislature, were dumbfounded by the early results, while Republicans seized on the moment as proof that California is becoming more conservative.

“It’s a new day in California,” Assembly Republican leader James Gallagher of Yuba City said in a social media post about the election results. “The shift is beginning.”

But longtime California election watchers were more tempered about what the outcome of the ballot measures say about the state’s political leanings.

Mark Baldassare, survey director for the Public Policy Institute of California, a nonpartisan think tank that conducts polling, said confusing initiative descriptions can deter voters from supporting initiatives even if they actually agree with their intent — especially in a state that is accustomed to seeing a slew of wonky questions on their ballot each year on issues from kidney dialysis to condoms.

“Propositions are a part of the ballot where you don’t have Ds and Rs, you have yeses and nos,” Baldassare said. “The electorate looks at this on an issue-by-issue basis. I don’t feel like it’s necessarily an indicator that it’s a shift to the right. I think that the default for the voter is always ‘no.’ ”

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Californians have defied the state’s liberal reputation when voting on ballot measures before. They have twice rejected ballot measures to abolish the death penalty in the past; and in 2008 they passed Proposition 8, which banned same-sex marriage. (On Tuesday, Californians passed a measure that stripped the last vestiges of Proposition 8 from the California Constitution, reaffirming gay marriage, which remains a federal right.)

Campaign messaging goes a long way for ballot measures, Baldassare said, and voters often weigh their decisions partly based on who is listed as supporters and opponents alongside the question on the ballot. Sometimes, it gets complicated.

In the case of Proposition 33, which was endorsed by the California Democratic Party and would have repealed a law that bars local governments from regulating rent on some buildings, even rent control proponents fed up with the cost of living voiced concerns about unintended impacts of the measure.

Millions were spent for and against Proposition 33, with opponents warning it could make California’s housing shortage worse. A proposition coined as a “revenge measure” was added to the ballot, targeting how a healthcare foundation that is a prime proponent of rent control measures could spend their revenue.

Proposition 6 proponents chalked up its likely failure not to voters’ support for “slavery” but to growing concerns about public safety and how those worries could impact any policy measure related to prison reform. In addition to approving Proposition 36, which cracks down on criminal sentencing for theft and fentanyl crimes, voters also ousted progressive-leaning prosecutors in L.A. County and the Bay Area.

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Antonio Villaraigosa, the former Los Angeles mayor who is running for governor in 2026 and is expected to position himself as a moderate among a crowded field of Democrats, was reluctant to speculate about what ballot measure results mean before all of them are called. But he said he believes voters want a “course correction” on issues like crime and the economy.

As the Democratic Party nationally grapples with a potential Republican trifecta — winning control of the White House, the Senate and the House of Representatives — and what it means for its movement and the future of the nation, California politicians also need to take a pulse check, he said.

“Are we really listening to people or are we spending all of our time telling them what they ought to do?” Villaraigosa said.

But many California Democrats were undeterred by the ballot measure results, again gearing up to lead the resistance against Trump. They pointed to the approval of progressive-backed causes such as a historic climate change bond and a measure to extend a tax to fund Medi-Cal as proof California remains a liberal bastion in a sea of red.

Assemblymember Alex Lee (D-San José), chair of the California Progressive Legislative Caucus, said that he’s disappointed by some of the ballot measure results but that “all the corporate and conservative special-interest money” spent on the complex initiatives should be considered before making judgments about the state’s electorate.

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“On the whole, California is still more progressive than a country where just over half of the voters voted for a fascist,” Lee said just hours after Trump was elected to return to the White House.



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Ventura County fire: California homes engulfed by flames

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Ventura County fire: California homes engulfed by flames


A wildfire fanned by winds of up to 80mph (130km/h) is burning out of control in California’s Ventura County.

The fire was first reported near Moorpark, 40 miles northwest of Los Angeles, early on Wednesday.

Within hours it had reached a suburb of Camarillo, a city of 70,000 people around 10 miles away.

Thousands of residents have been forced to flee and several have been reported injured.

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Ventura County Fire Chief Dustin Gardner said that the fire was moving “dangerously fast” and destroying everything in its path.

“Bushes are burning, grass is burning, hedgerows are burning, agricultural fields are burning, and structures are burning,” he said.



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California DA Pamela Price recalled over 'progressive leftist' crime policies

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California DA Pamela Price recalled over 'progressive leftist' crime policies


Alameda County, California, District Attorney Pamela Price was recalled early Wednesday, less than two years after taking office, following backlash for her alleged soft-on-crime approach.

The effort was backed by the recall committee Save Alameda for Everyone (SAFE), and passed with 64.8% of the vote, according to polling results from the county of Alameda. The committee includes former Alameda County prosecutors, county residents, community activists, and crime victims and victims’ families, according to the committee’s website. 

“It’s been a long, hard 18 months, and we’re hoping to see it turn around for all of the victims,” Brenda Grisham, principal officer for SAFE, told Fox News Digital. “And we’re not just talking about laws that are out there, but she came into office and implemented her own laws, and they were just not conducive and safe for the citizens of Alameda County.”

ALAMEDA COUNTY DA PAMELA PRICE FACING RECALL AS SPECIAL ELECTION LOOMS: THE ‘PEOPLE HAVE SPOKEN’

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District Attorney Pamela Price was recalled Wednesday. (Lea Suzuki/The San Francisco Chronicle)

“They spoke their mind yesterday, and I’m so excited,” Grisham said. 

“We are thankful to the voters of Oakland for recalling Sheng Thao and to Alameda County for recalling Pamela Price,” Oakland Police Officers Association President Huy Nguyen said in a statement. “Voters recognized their progressive leftist policies directly harmed and impacted residents, neighborhoods, working and middle class families, and small businesses.”

The group filed the necessary paperwork to begin fundraising for the effort in July 2023. The recall effort had acquired nearly 75,000 validated signatures by May of this year, according to the New York Post. 

The Alameda County Board of Supervisors set a recall election date of Nov. 5 in May. 

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Oakland Mayor Sheng Thao was also ousted from office after her recall effort passed with 65% of the vote.

NATHAN HOCHMAN OUSTS EMBATTLED LIBERAL PROSECUTOR GEORGE GASCÓN AS LA COUNTY DA AMID CRIME CONCERNS

Several Alameda County families had spoken out against Price in the months leading up to her recall vote. 

Florance McCrary, whose 22-year-old son was shot and killed by a stray bullet in 2016, became a vocal advocate in calling for Price’s removal after she abruptly dropped the murder charge of her son’s alleged killer last year. 

“I was in total shock,” McCrary told Fox and Friends co-host Pete Hegseth. “It was unbelievable to realize that for the fight that took over six years to get to that, it was diminished to nothing. And while sitting there in court, learning even from the judge, well, this is the best we can do.”

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Alameda County District Attorney Pamela Price speaks at press conference

Several Alameda County families had spoken out against District Attorney Pamela Price in the months leading up to her recall vote. (Jane Tyska/Digital First Media/East Bay Times)

“There are still so many more ballots to be counted, and in areas that I know we did well in getting our message out,” Price said in a statement released. “The Registrar of Voters estimates that it still has hundreds of thousands of ballots to count. The next update will be issued later this week. I am optimistic that when all the votes are counted, we will be able to continue the hard work of transforming our criminal justice system.”

California Democrat Rep. Eric Swalwell also came out in support of the recall vote, holding a press conference in October where he argued Price had failed victims of violent crime, according to KTVU. 

PROPOSITION 36 OVERWHELMINGLY PASSES IN CALIFORNIA, REVERSING SOME SOROS-BACKED SOFT-ON-CRIME POLICIES

“The cops catch, and Price releases,” Swalwell said. 

Swalwell also reportedly filed a defamatory claim against Price this week, claiming Price had made defamatory statements at a news conference a few weeks prior wherein she said that Swalwell wanted to recall her to “shield himself from unethical practices” that occurred while he was serving as a deputy district attorney, according to KTVU. 

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Representative Eric Swalwell at Fox News Studio

California Democrat Rep. Eric Swalwell came out in support of the recall vote, arguing that Price had failed victims of violent crime, according to KTVU. (John Lamparski/Getty Images)

“Pamela Price leaves me no choice but to file this claim against her for her deliberate and untrue statements,” Swalwell said in a statement to the outlet. 

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Fox News Digital reached out to Swalwell’s office for additional comment. 

Fox News Digital’s Bailee Hill contributed to this report. 

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