{"id":1306,"date":"2014-07-24T15:32:10","date_gmt":"2014-07-24T23:32:10","guid":{"rendered":"https:\/\/ego-vero.net\/main\/?p=1306"},"modified":"2014-07-24T15:32:10","modified_gmt":"2014-07-24T23:32:10","slug":"california-drought","status":"publish","type":"post","link":"https:\/\/ego-vero.net\/main\/california-drought\/","title":{"rendered":"The Other California Drought"},"content":{"rendered":"<div class=\"TweetButton_button\" style=\"float: right; margin-left: 10px;\"><a href=\"https:\/\/twitter.com\/share\" class=\"twitter-share-button\"  data-url=\"https:\/\/ego-vero.net\/main\/california-drought\/\" data-text=\"The Other California Drought\" data-lang=\"en\">Tweet<\/a><br \/>\n<script>!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=\"\/\/platform.twitter.com\/widgets.js\";fjs.parentNode.insertBefore(js,fjs);}}(document,\"script\",\"twitter-wjs\");<\/script><\/div>\n<p>Everyone here knows about the &#8220;drought&#8221; drought &#8211; no water. \u00a0But California is experiencing another drought &#8211; a drought of first time home buyers. \u00a0Yeah, yeah all the California economic news is sunshine and rainbows &#8211; we&#8217;re back, Baby! \u00a0That news is also something else -it starts with &#8220;B&#8221; and ends with &#8220;T&#8221; and has &#8220;ullshi&#8221; in the middle. \u00a0The California real estate market is still in the toilet &#8211; except in the San Francisco Bay Area and Los Angeles where all the news reporters live.<\/p>\n<p><a href=\"http:\/\/www.doctorhousingbubble.com\/young-california-home-buyers-drought-total-california-foreclosure-count\/\" target=\"_blank\">Dr. Housing Bubble explains it all here<\/a>, but in a nutshell the percentage of home sales going to first time buyers is the lowest it&#8217;s been since 2006. \u00a0Even with interst rates at near historic lows, young California wage earners would be hard pressed to come up with the $80,000 or so down payment required to purchase the median priced home. \u00a0What about all those bargains to be has from the 1,000,000 California foreclosures? \u00a0Snapped up by investors who are now renting those houses to&#8230;young California wage earners. \u00a0You see, not everyone here is a Facebook or Google billionaire.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tweet Everyone here knows about the &#8220;drought&#8221; drought &#8211; no water. \u00a0But California is experiencing another drought &#8211; a drought of first time home buyers. \u00a0Yeah, yeah all the California economic news is sunshine and rainbows &#8211; we&#8217;re back, Baby! \u00a0That news is also something&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1306","post","type-post","status-publish","format-standard","hentry","category-life"],"_links":{"self":[{"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/posts\/1306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/comments?post=1306"}],"version-history":[{"count":1,"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/posts\/1306\/revisions"}],"predecessor-version":[{"id":1307,"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/posts\/1306\/revisions\/1307"}],"wp:attachment":[{"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/media?parent=1306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/categories?post=1306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/tags?post=1306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}