The Housing Crisis in California and Beyond: An Insider's Expose

by Singchou Wu

Overview

The author came to the US in 1962 from Taiwan and worked for $1 an hour while federal minimum wage was $1.15 an hour. By 1969, he got a Master of Science Degree, a Ph.D. in Statistics and a teaching job at California Polytechnic State University in San Luis Obispo, CA. He bought his first house in October 1972 in the town. He predicted that housing prices in California would rise rapidly, as he and his wife quickly jumped into housing business. By 1979 they built two apartments, got California Building Contractor License and owned many rental housing units. The rising house prices made them instant millionaires. He explains why the US has turned from a land of opportunity for everyone into a land of desperation for many. He explains how to get back to the good old days, bring back America, the land of opportunity.

Product Details

ISBN-13:	9781665504478
Publisher:	AuthorHouse
Publication date:	11/09/2020
Sold by:	Barnes & Noble
Format:	eBook
Pages:	236
File size:	8 MB

About the Author

When I came to this country in 1962 and worked for a dollar an hour while minimum wage was $1.15. In a little over a year, I saved enough to attend graduate school and to work my way to join the middle class. A full-time job used to be a ticket to fulfill ones American Dream. Now a worker with a full-time job may be homeless. Could this still be the land of opportunity? For many in the US, the land of opportunity is the land of desperation now. Why are there so many homeless people in the US? Why are housing costs so expensive in many places in the US? Who is responsible for the high housing costs in those places? What are the consequences of high housing costs? Is there a solution to this problem? This book will answer these questions for you!