Calif. the world’s fifth largest economy? Look out, Britain

[dealmaker]

Calif. the world’s fifth largest economy? Look out, Britain
Frustrated about unaffordable housing or clogged freeways? Think of it as the price you pay for living in one of the world’s largest economies. California’s economy ranked sixth in the world in 2016, according to rankings released by Palo Alto economist Stephen Levy. California’s economy is growing so quickly that Levy thinks the state will overtake the United Kingdom this year for No. 5.(Standard-Examiner)

 

[OddTrader]

http://www.independent.co.uk/news/b...california-fifth-place-rankings-a7347696.html

 

[dealmaker]

Caltrans begins modifying roads for self-driving cars
In yet another sign of the rapid advance of self-driving technology, California has already started adapting roads for autonomous vehicles, a new report says. Because autonomous and semi-autonomous cars use cameras to “see” road markings, those markings are being changed, Caltrans director Malcolm Dougherty told KPCC Southern California Public Radio. (Silicon Beat)

 

[dealmaker]

Cost of a Hot Economy in California: A Severe Housing Crisis
https://t.co/GcPPTBKXeq

 

[maxpi]

Cost of a Hot Economy in California: A Severe Housing Crisis
https://t.co/GcPPTBKXeq

Housing is cheap if you don't need to commute to some industrial center.

 

[Sig]

Housing is cheap if you don't need to commute to some industrial center.

Relatively. While Antioch is far cheaper than San Francisco, for example, it's still well above average prices in the rest of the country. After living in CA long enough you start to think anything sub $500k for a house with a yard is "cheap"!

 

[ironchef]

Housing is cheap if you don't need to commute to some industrial center.

Relatively. While Antioch is far cheaper than San Francisco, for example, it's still well above average prices in the rest of the country. After living in CA long enough you start to think anything sub $500k for a house with a yard is "cheap"!

According to CoreLogic, median home price in the city of Landers in San Bernardino County was $95K, Newberry Springs, $65K, Don't need to be a millionaire to live there but of course you have a 2 hours commute to downtown LA.

 

[OddTrader]

https://en.wikipedia.org/wiki/California#Economy

Per capita GDP in 2007 was $38,956, ranking eleventh in the nation.[172] Per capita income varies widely by geographic region and profession. The Central Valley is the most impoverished, with migrant farm workers making less than minimum wage. According to a 2005 report by the Congressional Research Service, the San Joaquin Valley was characterized as one of the most economically depressed regions in the United States, on par with the region of Appalachia.[173] California has a poverty rate of 23.5%, the highest of any state in the country.[174] Many coastal cities include some of the wealthiest per-capita areas in the United States The high-technology sectors in Northern California, specifically Silicon Valley, in Santa Clara and San Mateo counties, have emerged from the economic downturn caused by the dot-com bust.