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“What you’re seeing in the California housing market is not what I would consider robust activity.” Even though the market is approaching its peak, she said, it’s not edging toward a crash – barring a major catastrophe like sudden mortgage rate hikes or a stock market meltdown.
“It’s really going to be more of a slow squeeze than a big drop,” Appleton-Young said.
In 2010, despite the faltering economy, a single college athletic league, the football-crazed Southeastern Conference (SEC), became the first to crack the billion-dollar barrier in athletic receipts. That money comes from a combination of ticket sales, concession sales, merchandise, licensing fees, and other sources—but the great bulk of it comes from television contracts.
The debates and commissions about reforming college sports nibble around the edges—trying to reduce corruption, to prevent the “contamination” of athletes by lucre, and to maintain at least a pretense of concern for academic integrity.
We profess outrage each time we learn that yet another student-athlete has been taking money under the table.
But the real scandal is the very structure of college sports, wherein student-athletes generate billions of dollars for universities and private companies while earning nothing for themselves.
Bay Area prices, meanwhile, are forecast to increase by more than 6 percent both this year and next, rising to 3,600 in 2017.
That tally will be up from a projected sales drop this year of 0.4 percent to 407,300 deals, down from 408,800 in 2015.For example, just 29 percent of California homebuyers will be able to afford a median-priced house next year, the association predicted.By comparison, a third could afford that midpriced home this year and half could afford it in 2011-12, when the statewide median was under 0,000. Meanwhile, the median house price – or price at the midpoint of all sales – is projected to rise 4.3 percent to 5,600, the smallest percentage gain in six years. By comparison, 2016 house prices are projected to be up 6.2 percent to 3,900 by the end of December.
Here, a leading civil-rights historian makes the case for paying college athletes—and reveals how a spate of lawsuits working their way through the courts could destroy the NCAA.