Quick Facts RE Women in U.S. – New CA Real Estate Legislation

 Blog No 147

 May 17, 2022

By Mack W. Borgen

Author (7 Books): The White Binder (2022); The Writings of a Lifetime (2021); Dead Serious and Lighthearted – The Memorable Words of Modern America (Three Volumes) (2018-2019); and The Relevance of Reason – The Hard Facts and Real Data about the State of Current America (2 Volumes) (2013). As Advertised in The New York Review of Books. Recipient of Eight National Book Awards

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Quick Facts

About Women in the United States 

U.S. Population (2022):                                                                                    332,404,000

Women – Education and Employment

Percentage of all college students who are women                                               60.0%

Percentage of all physicians who are women                                                         36.3% (Up from 27.3% in 2007!)

Percentage of students in medical school who are women (2019-2020 Data – Most Recent Data)      53.5%

Percentage of women who are attorneys in U.S.                                                   37.4%

Percentage of US Congress who are women                                                          27.0%

Percentage of S&P 500 corporate board seats held by women             30.0% (Up 12% in just the last five years)

Percentage of all U.S. businesses owned by women                                           40.0%

More significant data: Percentage of all businesses that employed third-parties:                                              19.9%

Labor Force Participation Rate (Footnote 1) of women with children under 18 years of age:                          56.6%

Women – Households and Motherhood 

Estimated number of mothers in U.S.                                                                   85,000,000 (25.6% of U.S. population)

Percentage of U.S. households with mothers who are either the sole or primary source of family income:     40.0%

Median Age at which women become mothers in the U.S.                            26.7 years

Percentage of Single Parents in the U.S. who are mothers:                          79.5%

Footnote 1. Definition of Labor Participation Rate: The percentage of the civilian noninstitutional population 16 years and older that is working or actively seeking work. The importance of this percentage as a labor force measure is because it tracks the amount of labor resources available for the production of goods and services in the economy. Sources include Census Bureau American Business Survey, paygovernance.com., and Pew Research Center.

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Important California Legislation

Affecting the Acquisition, Leasing, and Management of Real Estate

Author’s Note: In my prior blogs, I have focused upon California’s many law changes such as those expanding the rights of homeowners to construct assessor dwelling units (ADUs) on their property. The following are some of the other more important and relatively recent California real property law changes.

Tenant Rights of Lease Termination in Event of Crimes. A residential tenant may now terminate a tenancy without penalty if the tenant, a household member, or an immediate family member of the tenant was a victim of a crime that caused bodily injury or death, an act of domestic violence, sexual assault, stalking, human trafficking, or elder abuse. If a tenant exercises their rights under this right of termination, the landlord may not keep the tenant’s security deposit or any advance rent. 

Homeowner Association Rights to Restrict Short-Term Leasing. While a homeowner is oftentimes not subject to any provision barring the leasing of the owner’s property, the association can prohibit short-term rental of 30 days or less or may adopt restrictions that limit the total number of rentals to 25% of the interests in the subject development.  

Transfer of Tax Assessments. Proposition 19, which was passed in November 2020, allows eligible homeowners (persons 55 years or older, with severe disabilities, or victims of wildfires etc.) to transfer tax assessments anywhere within the state. These tax assessments can be transferred to more expensive homes with an upward adjustment within two (2) years of the sale of the original home.

 Other Subject Areas of Considerable Recent Legislation (Not Detailed in this article):

Moderate-Income Housing. Multiple requirements that city and county General Plans designate sites to meet regional housing needs for moderate-income housing.

Rights of Homeowners’ Association to elect officers by acclamation in certain circumstances. (Effective January 1, 2022).

Reporting of Lead Hazard or Substandard Living Conditions. Requirement of city or county to inspect property if it receives a complaint about lead hazards or substandard living conditions.

Removal of Bias Factors in Real Estate Appraisals and Similar Items. Mandate that all property sales contracts include a notice stating that the property appraisal must be unbiased and not influenced by a multitude of specific factors (e.g., race, color, religion, sexual orientation, etc.). (AB 948) (Effective July 1, 2022). DRE licensees will also be required to deliver parallel notices with respect to refinancing of residential real estate property of up to four (4) units. Multitude of similar types of notice and assistance legislation.

Possibly Advisability of Get CASp (Certified Access Inspections) Prior to Acquiring Commercial Property. While it is far beyond the scope of this article, the article “Equal Access – Including Persons with Disabilities Under the ADA (Authored by Marty J. Nicholson and Janis Kent) (CA Real Property Journal (Vol 39, No. 4, (Nov. 2021)) is highly recommend for persons or entities acquiring real property — especially commercial property. The article provides a wide overview of the 1990 Americans with Disabilities Act, as amended (the “ADA”) and related California laws) and makes a number of ADA-related recommendations such as the possible advisability of using CASp (Certified Access Specialist) inspections especially in the context of commercial property acquisitions.

 Thought for the Day

 “It’s easier to fool people,

Than it is to convince them that they’ve been fooled.”

Mark Twain

Fancypants Word of the Day

Obstreperous (Adj)(Latin) 1) Rowdy, rambunctious, and noisy; 2) Stubborn, uncooperative, or difficult to control.

Examples of uses in sentences:

Serious Example: School recess is full of obstreperous children running around the playground and burning off their energy. 

More Humorous Example: Our nation’s current political debate about our government’s obstreperous behavior is becoming itself more and more loud and obstreperous.

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