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them. The state’s homeownership rate of roughly 55% is second lowest in the nation, above New York, and a full It’s the benchmark of success, a But what if it’s also a little overrat- legislators and housing advocates spent 10 percentage points beneath the namilestone of responsible adulthood, a this past year enacting sweeping poli- tional average. Most of that gap, both time-tested way to amass wealth for ed? For generations it has been taken as cies aimed at making it easier to build common sense and researchers at UC you and your progeny. Homeownership, we’re told again and again, is a a near article of faith across the country housing of all kinds. This coming year, Berkeley tell us, isn’t the result of an status that every right-thinking person that ownership is both the financially many of them indicate that they plan to atypical fondness for the freedoms of should aspire to — the white-pick- and socially superior way to inhabit a focus specifically on providing more renting but comes down to the price tag. The median price of a detached et-fence-fronted embodiment of the home and that public policy makers plentiful paths to homeownership. should always promote it. California They’ll have their work cut out for [See LOW, page 18] American Dream.
Not financial slam dunk it was
BY BEN CHRISTOPHER CalMatters
THE UPDATE Dow +183.04 Nasdaq +301.26 Oil +0.50 48,134.89 23,307.62 56.65 Gold 4,368.70 +4.20 NY COMEX futures courtesy of Mish Int’l (650) 324-9110
City eyes e-bike age restriction BY ADRIANA HERNANDEZ
HEAVY RAIN is expected to start tomorrow and continue through Tuesday. Flooding is expected near creeks, rivers and other places where water accumulates.
Daily Post Staff Writer
MUSK PAYDAY: Elon Musk, already the world’s richest man, scored another huge windfall yesterday when the Delaware Supreme Court reversed a decision that deprived him of a $55 billion pay package that Tesla doled out in 2018 as an incentive for its CEO to steer the automaker to new heights. EV RECALL: Ford is recalling more than 270,000 electric and hybrid vehicles in the U.S. because of a parking function problem that could lead to them rolling away. TARGETING ISIS: The Trump administration has launched 70 military strikes in Syria to “eliminate” ISIS fighters and weapons sites in retaliation for an ambush attack that killed two U.S. troops and an American interpreter a week ago. DODGERS MUST PAY: The Los Angeles Dodgers will pay a record [See THE UPDATE, page 4] Your vision, My Guidance,
AN E-BIKE parked at a Menlo Park school. Menlo Park City School District photo.
Assessor’s race getting down to wire tween Neysa Fligor and Rishi Kumar. Both campaigns have Santa Clara County voters can begin to cast their doubled down on fundraisballots in person today to ing, with Fligor’s campaign determine the next county raising $420,000 and Kumar assessor, the result of a $13 securing around $35,000, acmillion runoff election be- cording to campaign finance BY STEPHANIE LAM Daily Post Correspondent
FLIGOR
650.823.0002 nicole.ruccolo@compass.com
filings from Nov. 16 to Dec. 13. Fligor is backed by wellknown county leaders and groups, including Board Supervisor Susan Ellenberg ($1,998); Assemblyman [See ASSESSOR, page 18]
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Redwood City is looking to slow down e-bikes by setting speed limits and age restrictions. Not following the new policies could land you a $50 fine. Council on Monday will review changes to the city’s code on electric bikes and scooters to reduce accidents, as e-bikes have become more popular among students. Under the new rules, children riding certian types of e-bikes must be 16 years or older. The e-bike policy will better regulate helmet use and reduce conflicts between riders and pedestrians, according to Principal Planner Malahat Owrang’s report. A rider who does not follow the new rules, could be fined $50 for the first [See E-BIKE, page 18]
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