California's housing bubble is spilling over into poor and exurban neighborhoods, creating waves of crises

California has such a huge undersupply of housing -- and oversupply of housing speculators -- that affluent homebuyers have effectively rendered the state's major cities unaffordable for all but the very wealthy, even pushing into neighborhoods that were historically undesirable due to poverty, poor housing stock and crime. Read the rest

California tenants receive rent-hike threats that will only be rescinded if rent-control initiative fails

Tenants in California have received threatening letters from their landlords promising massive rent hikes if Proposition 10 (previously), which restores rent control, passes. Read the rest

Wealthy investors are buying Long Beach's old low-rent buildings and evicting everyone, making them homeless

Unlike neighboring LA, the city of Long Beach has no restrictions on evicting tenants from old buildings by doubling or tripling the rent and then booting them out. Read the rest