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Can the people of California afford more taxes from Washington or Sacramento?
"More than half of the state's homeowners with a mortgage – 51.4 percent – spend more than 30 percent of their monthly income on housing costs, according to 2005-2009 estimates from the U.S. Census Bureau's American Community Survey.
Renters in California are in the same boat, with 51.8 percent spending more than 30 percent of their income on rent and utilities.
The 30 percent threshold for housing costs has long been a conventional marker of affordability [PDF]. The estimates, released Tuesday, show that housing costs exceed 30 percent for 36.7 percent of mortgaged owners and 46.2 percent of renters nationwide."
When Jerry Brown asks these people to raise taxes, guess how they are going to vote? The Democrats still do not get it--we are over taxed, over regulated and California is in a government caused Depression.
The good news is that the current budget is 20% higher than the next budget. We need to sell stadiums, parking lots, fairgrounds and other non essential government properties.
More...
"More than half of the state's homeowners with a mortgage – 51.4 percent – spend more than 30 percent of their monthly income on housing costs, according to 2005-2009 estimates from the U.S. Census Bureau's American Community Survey.
Renters in California are in the same boat, with 51.8 percent spending more than 30 percent of their income on rent and utilities.
The 30 percent threshold for housing costs has long been a conventional marker of affordability [PDF]. The estimates, released Tuesday, show that housing costs exceed 30 percent for 36.7 percent of mortgaged owners and 46.2 percent of renters nationwide."
When Jerry Brown asks these people to raise taxes, guess how they are going to vote? The Democrats still do not get it--we are over taxed, over regulated and California is in a government caused Depression.
The good news is that the current budget is 20% higher than the next budget. We need to sell stadiums, parking lots, fairgrounds and other non essential government properties.
More...