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[80] [81] [82] In the rental market, California now has the lowest vacancy rate the state has ever seen, at 3.6%; [83] and while the median rent throughout the state for a two-bedroom apartment is $2,400, the median rent in coastal urban areas is even higher, surpassing $4,000 per month in San Francisco. [84]: 1
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Costa–Hawkins changed this by allowing an apartment owner the right to rent the vacancy at any price (i.e., usually the market price). [5] [6] In 2019, the California legislature passed and the governor signed AB 1482, which created a statewide rent cap for the next 10 years. [7]
The wildfires have destroyed more than 12,000 structures, and a Southern California housing shortage that was already serious has been made even more dire. Reuters 21 days ago US single-family ...
Home ownership is 41% [111] and 14% of rental units are subsidized. [111] As of the census [112] of 2000, 19.4% of the population and 16.2% of families were below the poverty line. Out of the total population, 27.9% of those under the age of 18 and 13.1% of those 65 and older were living below the poverty line.
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College graduates fall into this category once they have completed the state-required courses as well. California allows licensed attorneys to become brokers upon passing the broker exam without having to take the requisite courses required of an agent. Commonly more coursework and a broker's state exam on real estate law must be passed.