116 Del Alba Street, San Pablo
To be listed at $499K
Zillow est $516K
There are a number under $500,000 but at a quick glance this was one of the nicer.
Posted on 02/19/2018 10:41:32 AM PST by LibertyFound
How Immigration Turned California into America’s Poverty Capital
California is a land of untold opulence and splendor. Hollywood’s glitter dazzles the gawking masses, while the world’s most profitable companies, Google, Apple, and Facebook, funnel cash into the Golden State from every corner of the earth. It is the apotheosis of decadence.
And yet California is also desperately poor. One-in-five Californians live in poverty, the State’s income inequality is worse than Mexico’s, and untold thousands live on the streets. It is dystopia. How can so much wealth and poverty coexist? This is the California Paradox.
It was not always this way. California used to be home to America’s largest and most affluent middle class. Now it is a playground for the rich and a prison for the poor. This begs the question: how did the Golden State become America’s poverty capital?
Fear & Loathing in Los Angeles
According to the US Census Bureau’s Official Poverty Measure, California’s poverty rate hovers around 15 percent. But this figure is misleading: the Census Bureau measures poverty relative to a uniform national standard, which doesn’t account for differences in living costs between states—the cost of taxes, housing, and healthcare are higher in California than in Oklahoma, for example.
Accounting for these differences reveals that California’s real poverty rate is 20.6 percent—the highest in America. This is nearly twice the national average of 12.7 percent. Many Californians live in abject poverty. In fact, one-quarter of all homeless Americans live in California, according to a recent report from The New York Times:
More than one-quarter of the total homeless population nationwide lives in California, roughly 114,000. The vast majority are “unsheltered”—a more bureaucratic term to describe the thousands living on the streets, under freeways and tucked into grassy fields and parks in cities all around the state.
(Excerpt) Read more at nationaleconomicseditorial.com ...
You remind me of a picture captioned “In the event of a zombie apocalypse” showing a guy standing on top of a car, surrounded by hordes of zombies. Back in the crowd of zombies, one is circled in red and labeled, this would be you. LOL
I can prove it, and I’d put money on it that you’re wrong. You game? Put up or shut up
Wealth ... for politicians
I remember hearing the girls behind me talking about some hilarious sitcom called All In The Family so I thought I better check it out
Literally did not understand a word of it.
Things were much better than then
Then came Chicano Power and La Raza
India has more people in the middle class than Vermomt, for whatever that’s worth
The Bible says, “If any would not work, neither should he eat.” (IIThessalonians 3:10). Sloth is a sin.
116 Del Alba Street, San Pablo
To be listed at $499K
Zillow est $516K
There are a number under $500,000 but at a quick glance this was one of the nicer.
There are probably 1000 homes for sale in N.CA for much less at this time.
I’d bet the rent that ain’t no home, but a condo...Or civilian barracks, as I call them.
A wealth of different views and information about the once great state of California. I think the bottom line is that California as a state will eventually be unsustainable and will need to be broken apart and/or Federally taken over as the country of Greece has by the EU.
“For CA to be on a par with the national average, another 8% of the population would have to be lifted out of poverty.”
Well, CA leads the nation by $10k per year in real, median household income. Half above, half below.
CA also leads the nation in per capita income.
And both gaps are accelerating, YoY for the last 3 years.
And that’s with the highest total and percentage of “poor” AND welfare recipients.
That 8% you cling to is made up on the top end.
Now, don’t get me wrong and think I’m an advocate for the commies that run the state. Everything they do is wrong.
CA is this rich IN SPITE of them.
Will there be a reckoning one day? I have no doubt.
But it’s not here yet.
How’s that for math and deductive reasoning? Did YOUR school teach either?
In my neighborhood there are still bidding wars that drive up the price of homes, often 5-10% above asking price.
Home are RARELY on the market more than two weeks.
The affluence I refer to is median household income which is $10k above the nation. And that with 1/3 of the nation’s welfare population.
“This begs the question: how did the Golden State become America’s poverty capital?”
It does not “beg the question”. To beg the question is a classic logical fallacy, meaning to assume an answer to a question and to reason from that unproven answer.
What the author means is that it brings up the question. Too many people think that using the phrase “beg the question” sounds all intellectual.
Though ad said call the realtor, please don't disturb the owner.
And there were a number of 1,000 to 1,200 sq feet single- level homes at that price.
$467K, 1,000 sq.ft...Crazy!
There are lot of home in N.CA for way under 500k.
https://www.realtor.com/realestateandhomes-detail/3514-E-Keswick-Dam-Rd_Redding_CA_96003_M24282-68488
lol
It’s what 190k buys in CA. And people buy them bacause they can’t afford half a million dollars for a roof.
Ye, the weather is a significant factor in the growth of homeless in CA, especially Southern CA.
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I have clients that scan the listings multiple times per day looking for a fixer-upper they can tie up with a downpayment of $50k or less.
When they find one they pull my string to get a plat that they can use to get a building permit ASAP.
The pickings are getting very thin. The stock is just not out there anymore. I used to do about three of them a week 10 years ago; now its more like one every other week, if that much.
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In Contra Costa county, the homeless are down to just the hard core mental cases, due to the Trump economic surge.
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