taking a closer look housing myths truths
play

Taking a Closer Look: Housing Myths & Truths HOMEs 18th Annual - PowerPoint PPT Presentation

Oct 03, 2022 •119 likes •610 views

Taking a Closer Look: Housing Myths & Truths HOMEs 18th Annual Ventura County Housing Conference October 22, 2019 I N STIT U TE FO R G L O BA L E CO N O M I C R E S E A RC H California State C H A N N E L University I S L A

  1. Taking a Closer Look: Housing Myths & Truths HOME’s 18th Annual Ventura County Housing Conference October 22, 2019 I N STIT U TE FO R G L O BA L E CO N O M I C R E S E A RC H California State C H A N N E L University I S L A N D S

  2. Support

  3. Housing Myths & Truths 1 Ventura County is an expensive place to live in 2 Ventura County does not have the right jobs to afford housing in Ventura County

  4. Outline 1 Ventura County Currently 2 Ventura County Compared to California and Neighbors 3 Analysis of Income and Home Ownership 4 Conclusion

  5. Outline 1 Ventura County Currently 2 Ventura County Compared to California and Neighbors 3 Analysis of Income and Home Ownership 4 Conclusion

  6. Age and Gender Composition, 2017, Ventura County Male Female 0 25 50 75 Age

  7. Education Level of the Population, 2005 and 2017, Ventura County 5+ years of college 4 years of college 2 years of college 1 year of college Grade 12 Grade 11 Grade 10 Grade 9 2017 Grade 5, 6, 7, or 8 2005 Nursery school to grade 4 N/A or no schooling 0 50,000 100,000 150,000

  8. Labor Force Participation and Unemployment, Ventura County 78.5 Participation (%) 78.0 Labor Force 77.5 77.0 76.5 76.0 75.5 Unemployment 10 Rate (%) 8 6 4 2008 2012 2016

  9. Industry Breakdown of Employed Population, 2017, Ventura County Educational, Health and Social Services ● Professional, Scientific, Management, ● Administrative, and Waste Management Services Arts, Entertainment, Recreation, ● Accommodations, and Food Services ● Manufacturing ● Retail Trade Finance, Insurance, Real Estate, and ● Rental and Leasing ● Construction Other Services (Except Public ● Administration) Agriculture, Forestry, Fishing and ● Hunting ● Public Administration ● Wholesale Trade ● Information and Communications ● $60,000 ● Transportation and Warehousing ● $90,000 ● ● Utilities $120,000 ● ● Active Duty Military $150,000 ● Mining 0.0% 5.0% 10.0% 15.0% 20.0%

  10. Industry Breakdown of Employed Population, 2017, Ventura County Education, Health and Educational, Health and Social Services ● Professional, Scientific, Management, Social Services ● Administrative, and Waste Management Services Arts, Entertainment, Recreation, ● Accommodations, and Food Services ● Manufacturing ● Retail Trade Finance, Insurance, Real Estate, and ● Rental and Leasing ● Construction Other Services (Except Public ● Administration) Agriculture, Forestry, Fishing and ● Hunting ● Public Administration ● Wholesale Trade ● Information and Communications ● $60,000 ● Transportation and Warehousing ● $90,000 ● ● Utilities $120,000 ● ● Active Duty Military $150,000 ● Mining 0.0% 5.0% 10.0% 15.0% 20.0%

  11. Industry Breakdown of Employed Population, 2017, Ventura County Education, Health and Educational, Health and Social Services ● Professional, Scientific, Management, Social Services ● Administrative, and Waste Management Services Arts, Entertainment, Recreation, ● Accommodations, and Food Services ● Manufacturing ● Retail Trade Finance, Insurance, Real Estate, and ● Rental and Leasing ● Construction Other Services (Except Public ● Administration) Agriculture, Forestry, Fishing and ● Hunting ● Public Administration ● Wholesale Trade Information and ● Information and Communications Communications ● $60,000 ● Transportation and Warehousing ● $90,000 ● ● Utilities $120,000 ● ● Active Duty Military $150,000 ● Mining 0.0% 5.0% 10.0% 15.0% 20.0%

  12. Comparison of County Residents Employment to County Industry Jobs, 2017, Ventura County Educational, Health and Social Services ● ● Professional, Scientific, Management, ● ● Administrative, and Waste Management Services Arts, Entertainment, Recreation, ● ● Accommodations, and Food Services ● ● Manufacturing ● ● Retail Trade Finance, Insurance, Real Estate, and ● ● Rental and Leasing ● ● Construction Other Services (Except Public ● ● Administration) Agriculture, Forestry, Fishing and ● ● Hunting ● ● Public Administration ● ● Wholesale Trade ● ● Information and Communications ● ● Transportation and Warehousing Share of Employment of County Residents ● ● ● Utilities ● Share of Jobs in the County ● ● Active Duty Military ● ● Mining 0.0% 5.0% 10.0% 15.0% 20.0%

  13. Nominal and Real Incomes, Ventura County $85,000 Income/Real Income $80,000 $75,000 $70,000 Median household income (2017 dollars) Median household income (nominal) $65,000 2007 2010 2013 2016

  14. Population and Housing Growth in Ventura County 105 104 Population index 103 Housing index 102 101 100 2010 2012 2014 2016 2018

  15. Average Household Size Trends, Ventura County Average household size 3.05 2.95 2.85 2.75 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 All residents Owners Renters

  16. Home Ownership in Ventura County Homeownership rates (%) 68 66 64 62 2 Change (%) 1 0 −1 −2 2005 2007 2009 2011 2013 2015 2017

  17. Home Price and Rent Trends, Ventura County Median Sales Price $600,000 $500,000 $400,000 2010 2012 2014 2016 2018 Median Rental Price $3,000 All Homes $2,750 $2,500 $2,250 $2,000 2010 2012 2014 2016 2018

  18. Home Price and Rent Trends, Ventura County 140 Price Index Indices Rent Index 120 100 2010 2012 2014 2016 2018

  19. Housing Burden A household is considered to be cost-burdened if spending more than 30 percent of their income for housing costs

  20. Housing Burden, 2017, Ventura County Quartile 1 2 3 4 Share of households burdened 75.0% 50.0% 25.0% 2005 2010 2015

  21. Housing Burden, 2017, Ventura County Quartile 1 2 3 4 Renters Owners Share of households burdened 75.0% 50.0% 25.0% 0.0% 2005 2010 2015 2005 2010 2015

  22. Current Ventura County Conditions • Ventura County has been experiencing historically low unemployment levels and residents are largely working within the county • Housing stock in Ventura County has not kept up with population growth and we now see lower home ownership rates and increased household sizes for renters • With stagnant real incomes and increased home and rental prices, a large share of Ventura County residents are housing-burdened • Burdens have increased for lower half of the income distribution

  23. Outline 1 Ventura County Currently 2 Ventura County Compared to California and Neighbors 3 Analysis of Income and Home Ownership 4 Conclusion

  24. Comparison of Age Trends 38 Average Age 37 36 35 2005 2010 2015 California (excluding Ventura) Ventura County

  25. Comparison of Age Trends 38 Average Age 37 36 35 34 2005 2010 2015 Los Angeles County Ventura County San Luis Obispo + Santa Barbara Counties

  26. Comparison of Education Levels • Education levels in Ventura County are comparable to State levels and that of our neighboring counties • All areas characterized by a majority of people holding high school diplomas or higher education

  27. Comparison of Unemployment Rates Unemployment Rate (%) 12.5 10.0 7.5 5.0 2.5 2003 2007 2011 2015 2019 California excluding Ventura San Luis Obispo + Santa Barbara Counties Los Angeles County Ventura County

  28. Comparison of Commute Times, 2017

  29. Comparison of Household Sizes Renters 3.1 Average household size 3.0 2.9 2.8 2.7 2.6 Owners 3.1 3.0 2.9 2.8 2.7 2.6 2005 2010 2015 California (excluding Ventura) Ventura County

  30. Comparison of Household Sizes Renters Average household size 3.0 2.8 2.6 Owners 3.0 2.8 2.6 2005 2010 2015 Los Angeles County Ventura County San Luis Obispo + Santa Barbara Counties

  31. Comparison of 2017 Home Ownership Rates 2005 2017 Homeownership rates (%) 60 40 20 0 California excluding Ventura San Luis Obispo + Santa Barbara Counties Los Angeles County Ventura County

  32. Comparison of Median Sales Prices $600,000 $500,000 Median Sale Price $400,000 California $300,000 Ventura County $200,000 2009 2011 2013 2015 2017 2019

  33. Comparison of Median Sales Prices $600,000 $500,000 Median Sale Price $400,000 Los Angeles County San Luis Obispo County $300,000 Santa Barbara County Ventura County 2009 2011 2013 2015 2017 2019

  34. Comparison of Median Sales Prices $600,000 Median Sale Price $570,000 $540,000 $510,000 Los Angeles County Santa Barbara County San Luis Obispo County Ventura County 2017 2018 2019

  35. Comparison of Median Rents $3,000 Median Rental Price $2,500 California $2,000 Ventura County 2011 2013 2015 2017 2019

  36. Comparison of Median Rents Los Angeles County $4,000 San Luis Obispo County Median Rental Price Santa Barbara County $3,500 Ventura County $3,000 $2,500 $2,000 $1,500 2011 2013 2015 2017 2019

Recommend

Impacts of GMO Crops on our Farming Future based on: GMO MYTHS AND TRUTHS An

Impacts of GMO Crops on our Farming Future based on: GMO MYTHS AND TRUTHS An

Bee SAFE presents Impacts of GMO Crops on our Farming Future based on: GMO MYTHS AND TRUTHS An evidence-based examination of the claims made for the safety and efficacy of genetically modified crops. 1 Report written by Genetic

449 views • 32 slides
Untangling Header Bidding Lore Some myths, some truths, and some hope Waqar Aqeel , Debopam

Untangling Header Bidding Lore Some myths, some truths, and some hope Waqar Aqeel , Debopam

Untangling Header Bidding Lore Some myths, some truths, and some hope Waqar Aqeel , Debopam Bhattacherjee, Balakrishnan Chandrasekaran, Philip Brighten Godfrey, Gregory Laughlin, Bruce M. Maggs, and Ankit Singla 1 How (traditional) Real-Time

442 views • 15 slides
Standards and Guidelines: Myths and Truths The Diagnostic Standard for Diabetes Mellitus is Fixed

Standards and Guidelines: Myths and Truths The Diagnostic Standard for Diabetes Mellitus is Fixed

Standards and Guidelines: Myths and Truths The Diagnostic Standard for Diabetes Mellitus is Fixed and Immutable ADA Criteria for Diagnosis of Diabetes A1C 6.5% FPG 126 mg/dl 2 hour PG 200 mg/dl during OGTT Classic symptoms and random

608 views • 31 slides
TAKING A CLOSER LOOK AT IRATI Supervisors: Koen Veelenturf Marijke Kaat - SURFnet

TAKING A CLOSER LOOK AT IRATI Supervisors: Koen Veelenturf Marijke Kaat - SURFnet

RP#23 RESEARCH PROJECT TAKING A CLOSER LOOK AT IRATI Supervisors: Koen Veelenturf Marijke Kaat - SURFnet University of Amsterdam Ralph Koning - UvA System and Network Engineering TAKING A CLOSER LOOK AT IRATI RESEARCH QUESTIONS

631 views • 29 slides
The Myths and Truths about Your Cyber Risk Your r Digital G Guides for r today Ny Brown

The Myths and Truths about Your Cyber Risk Your r Digital G Guides for r today Ny Brown

The Myths and Truths about Your Cyber Risk Your r Digital G Guides for r today Ny Brown Sr. Systems Administrator, TAC Matt Bruns Sr. Systems Administrator, TAC Todd Kisel Risk Management Consultant, TAC Robert Ruiz RMS

310 views • 26 slides
Housing in the Netherlands Housing in the Netherlands A closer look at the Social A closer look

Housing in the Netherlands Housing in the Netherlands A closer look at the Social A closer look

Housing in the Netherlands Housing in the Netherlands A closer look at the Social A closer look at the Social Housing Sector and the role of Housing Sector and the role of Housing Associations - - HA HA Housing Associations Claudio Acioly

2.03k views • 145 slides
AMI Technology Overview AMI Technology Overview How does it work: Truths and Myths

AMI Technology Overview AMI Technology Overview How does it work: Truths and Myths

AMI Technology Overview AMI Technology Overview How does it work: Truths and Myths How does it work: Truths and Myths Meters

386 views • 10 slides
Under the Microscope: Taking a closer look at the law, best practices, and future of digital

Under the Microscope: Taking a closer look at the law, best practices, and future of digital

Under the Microscope: Taking a closer look at the law, best practices, and future of digital accessibility October 26, 2017 Presentation to The Ohio Association of College and University Business Officers (OACUBO) Presenters Jason Piatt,

241 views • 22 slides
WITH SMARTPHONES The Basics 10 TIPS FOR TAKING BETTER IPHONE PHOTOS CREDIT: 9TO5MAC Get Closer

WITH SMARTPHONES The Basics 10 TIPS FOR TAKING BETTER IPHONE PHOTOS CREDIT: 9TO5MAC Get Closer

TAKING QUALITY PHOTOS WITH SMARTPHONES The Basics 10 TIPS FOR TAKING BETTER IPHONE PHOTOS CREDIT: 9TO5MAC Get Closer Get in front Take advantage Always include of the scene people Make the boring shot interesting! Always take

265 views • 9 slides
Taking a Closer Look at the Downtown Planning and Development Committee December 5, 2019 1

Taking a Closer Look at the Downtown Planning and Development Committee December 5, 2019 1

PB-89-19 Taking a Closer Look at the Downtown Planning and Development Committee December 5, 2019 1 Presentation Outline Study Overview Principles Revised Precincts Why are we doing the study Concept 1 Where are we at

622 views • 24 slides
Fair Housing MHDC is fully committed to affirmatively furthering fair housing by taking

Fair Housing MHDC is fully committed to affirmatively furthering fair housing by taking

Fair Housing MHDC is fully committed to affirmatively furthering fair housing by taking meaningful actions to promote fair housing choice, overcome patterns of segregation, and eliminate disparities in access to opportunity. As part

209 views • 5 slides
Taking the Myths Out of Tenure and Promotion Frances K. McSweeney Regents Professor Vice

Taking the Myths Out of Tenure and Promotion Frances K. McSweeney Regents Professor Vice

Taking the Myths Out of Tenure and Promotion Frances K. McSweeney Regents Professor Vice Provost for Faculty Affairs April 2015 Recording date of this w orkshop is April 7 , 2 0 1 5 . Som e of the rules and procedures discussed in this w

458 views • 21 slides
Alma E. Molina Aguirre Architecture "This scholarship is taking me closer to the

Alma E. Molina Aguirre Architecture "This scholarship is taking me closer to the

Alma E. Molina Aguirre Architecture "This scholarship is taking me closer to the accomplishment of such dreams in Architecture. Once again, I want to thank you for the help, I appreciate it very much. I will make effective use of your

1.5k views • 107 slides
CEPA - Closer Economic Partnership Arrangement - Hong Kong and Mainland: Legal Issues in Taking

CEPA - Closer Economic Partnership Arrangement - Hong Kong and Mainland: Legal Issues in Taking

CEPA - Closer Economic Partnership Arrangement - Hong Kong and Mainland: Legal Issues in Taking Advantage of CEPA Jon Johnson, Partner, Goodmans LLP 250 Yonge Street, Suite 2400, Toronto, ON M5B 2M6 T: 416.597.4121 E: jjohnson@goodmans.ca

510 views • 20 slides
Funding Your Education Wisely Taking a Closer Look at the Various Types of Aid and the Financial

Funding Your Education Wisely Taking a Closer Look at the Various Types of Aid and the Financial

Funding Your Education Wisely Taking a Closer Look at the Various Types of Aid and the Financial Aid Process Well Discuss Overview of Financial Aid FAFSA Terminology FAFSA Overview Next Steps Well Help Financial Aid

436 views • 39 slides
Philanthropic approaches to social enterprise: Taking a closer look Judy Foster NSW & ACT

Philanthropic approaches to social enterprise: Taking a closer look Judy Foster NSW & ACT

Philanthropic approaches to social enterprise: Taking a closer look Judy Foster NSW & ACT State Manager Philanthropy Australia ? Philanthropy Whats your relationship with the word PHILANTHROPY? What does the word PHILANTHROPY mean to

396 views • 25 slides
JONAH PRAYERS FROM THE PIT! J oo ah 2: 1-10 Here are 4 1. You can pray anywhere truths about

JONAH PRAYERS FROM THE PIT! J oo ah 2: 1-10 Here are 4 1. You can pray anywhere truths about

JONAH PRAYERS FROM THE PIT! J oo ah 2: 1-10 Here are 4 1. You can pray anywhere truths about and anytime (vs. 2) Jonahs prayer 2. Never give up hope (vs. 4) to ponder today Here are 4 3. Believe in the miracle truths

405 views • 22 slides
Taking the SCA to New Taking the SCA to New Frontiers Frontiers Steve Bernier & Claude

Taking the SCA to New Taking the SCA to New Frontiers Frontiers Steve Bernier & Claude

Taking the SCA to New Taking the SCA to New Frontiers Frontiers Steve Bernier & Claude Blisle 1 Outline Outline Outline 1. Is the SCA what you think it is? 2. SCA Myths and Realities 3. Future SCA core frameworks 2 Outline

818 views • 32 slides
Legends & Myths Greek Mythology What are Myths? What purpose do they serve? Purposes for

Legends & Myths Greek Mythology What are Myths? What purpose do they serve? Purposes for

Legends & Myths Greek Mythology What are Myths? What purpose do they serve? Purposes for Myths To teach a lesson/educate To explain an event or phenomena To frighten or warn people For entertainment Titans Elder Gods, ruled the Earth

217 views • 18 slides
Truths that can Make Marketing Truths that can Make Marketing I nfluenza Vaccine Difficult I

Truths that can Make Marketing Truths that can Make Marketing I nfluenza Vaccine Difficult I

Truths that can Make Marketing Truths that can Make Marketing I nfluenza Vaccine Difficult I nfluenza Vaccine Difficult Kristine Sheedy, PhD National Center for Immunization and Respiratory Diseases, Office of Health Communication May 13,

394 views • 18 slides
Myths of Common-law Marriage Part 3. Housing & Property Rights The Myth Unmarried

Myths of Common-law Marriage Part 3. Housing & Property Rights The Myth Unmarried

Myths of Common-law Marriage Part 3. Housing & Property Rights The Myth Unmarried (common-law) couples t hat live t oget her for years share equal legal right s as married couples. THIS IS FALSE Common-law couples are not

479 views • 11 slides
What Happens Next? Taking Care of Renters After the Crisis New Housing Solutions LIVE July 16,

What Happens Next? Taking Care of Renters After the Crisis New Housing Solutions LIVE July 16,

What Happens Next? Taking Care of Renters After the Crisis New Housing Solutions LIVE July 16, 2020 NMHC DISCLAIMER This webinar is provided for informational purposes only. This content is not investment or legal advice. NMHC assumes no

478 views • 45 slides
Population Healthcare The power of variation www.england.nhs.uk Inconvenient truths The

Population Healthcare The power of variation www.england.nhs.uk Inconvenient truths The

Improving Population Healthcare The power of variation www.england.nhs.uk Inconvenient truths The Atlas exposes some inconvenient truths about the extent of variation in care for some common conditions - Professor Sir Bruce Keogh 2

512 views • 26 slides
Constructing the World Lecture 5: Hard Cases: Mathematics, Normativity, Intentionality,

Constructing the World Lecture 5: Hard Cases: Mathematics, Normativity, Intentionality,

Constructing the World Lecture 5: Hard Cases: Mathematics, Normativity, Intentionality, Ontology David Chalmers Friday, 4 June 2010 Plan *1. Hard cases 2. Mathematical truths 3. Normative truths 4. Intentional truths 5. Philosophical

609 views • 43 slides

More recommend