In recent news, a proposal that would break California into three separate states has qualified for the state’s November ballot. While it’s unclear yet if a state ballot initiative, if it passes, would be enough to actually break up the world’s sixth largest economy, it is a serious proposal that Californians will vote on this November, and it has a lot people analyzing the impact.
Writing in Builder, John McManus looks at a detailed data study evaluating the impact on the housing market. The study evaluates home values, price appreciation, sales volume and property taxes in the three proposed areas. It also weighs the associated flood and wildfire risks for nearly 7.5 million single-family homes statewide, broken down by county for the proposed Northern California (40 counties); Southern California (12 counties); and California (6 counties).