On Feb. 10, 2011, a new law called Proposition 13 was passed in California.
The measure was supposed to end a decades-long era of high property taxes, and it was designed to help Californians pay for the pensions and medical care that have been a cornerstone of the state’s economy.
The law was also supposed to create thousands of jobs.
But instead of providing that promised future, California’s real estate market is still struggling to recover from the financial crisis.
And with a few months left in the year, it looks like there may be more to come.
The Golden State’s housing market has been a source of frustration and frustration for decades, but a new report from The Wall Street Journal finds that as the economy recovers from the recession, real estate is being squeezed by other, more pressing issues.
As a result, more than 1.4 million homes have gone under in the past five years, with nearly 1 million properties either in foreclosure or in liquidation.
A year earlier, the real estate crash put the onus on homeowners to refinance or sell their homes.
This year, the California Housing Finance Agency said that homeownership rates have dropped below 30 percent for the first time since the Great Recession.
And according to the Los Angeles Times, nearly 40,000 homeowners are currently in default on mortgages.
In fact, nearly a quarter of the California housing stock is still underperforming, according to The Associated Press.
“It’s pretty clear that there’s a huge housing bubble and there’s going to be a housing crisis,” said Michael Littman, president of the National Association of Realtors.
In some cases, the housing crisis is the result of lax mortgage standards.
In the past, banks could lend to any California home for as little as 10 percent, but the banks have recently been cracking down on that, with many borrowers receiving foreclosure notices.
Litts said he has spoken with several home buyers and buyers who say they were misled into refinancing their homes, and the result has been “catastrophic.”
“People are not being helped, they’re not being given the help they need,” he said.
The housing crash that hit California in 2008 also led to the creation of the Statewide Housing Assistance Program, which was meant to provide assistance to Californians struggling with financial hardship and housing instability.
The program is still open, and in its current form it provides up to $2,000 in payments for any homeowner with a monthly income less than $30,000, which is typically between $35,000 and $50,000.
The AP reported that the program has helped hundreds of thousands of Californians, with over 1.5 million people receiving housing assistance from the state.
Yet there is a growing sentiment that the State Housing Agency has failed to fulfill its obligations under the housing law.
In an interview with the AP, a representative of the agency said the agency is “focusing on the most pressing needs in the state, not making the most of the opportunities and the resources that we have available.”
But the housing market in California has been hit hard by the crisis, and with the help of the housing assistance program, many California homeowners have found themselves unable to make their mortgage payments.
And while many have managed to make payments on their homes while still holding down jobs, others have struggled to make ends meet.
“We have lost millions of people, thousands of people are on food stamps and Medicaid, and there are people who are losing their homes,” said Scott Hebert, executive director of the Center for Neighborhood Technology.
“And if you lose a house, you don’t have a job.
It’s a lot of stress and it’s a very difficult time.”
In a statement, the agency added: “The State Housing Assistance Act provides a means for homeowners to take on a mortgage that they can pay off in the future.”
But while the State housing assistance has made it possible for people to buy homes, it has also made it harder for them to get out of debt.
In addition to the increased costs associated with home mortgages, the State has also put restrictions on who can be a borrower in California, including those who are in the military.
Many of the states biggest banks, like Wells Fargo and Wells Fargo Home Loans, are refusing to lend to anyone with an outstanding mortgage, which means that they have to give out loans to those who can pay.
Hebert said that in addition to a loss of jobs and housing equity, the lack of access to credit has caused many people to take out more loans.
“If you’re a low-income person and you’re going to get a mortgage, the person who’s getting the mortgage is going to want you to be their banker,” he explained.
“They want to give you a mortgage so they can help you get the money they need.”
The result is that the cost of mortgages has become unaffordable for many, and that’s pushing people out of the