February 20, 1976 (12 pages)

Pd An article in the February issue of California Estate . warns that -infldtion and rapidly spiraling ¢ could keep the demand for new and exisitng housing at moderate levels in 1976 despite the availability of easy mortgage money. The article, Housing and Construction 1976, is written by Dr. Fred E. Case, professor of urban land economics at UCLA. California Real’ Estate is a monthly magazine published by the 82,000-member California Association of Realtors. the state, but instead, area are expected to be the leaders while Orange and San iS ps ama an lead southern California,” Dr primarily in. selected areas. Predictions where the most active housing markets in the state will be were made by the UCLA professor. “In the north, Sacramento _ and the San Francisco Bay Calling 1976 a year of modestrecovery, Dr. Case reasons such as concerns about energy savings, growth controls, and a shortage of existing homes for sale. “Proportionately, housing fared much better in California nationally with 130,000 estimated housing starts in 1975 and a 35 percent increase to 175,000 units in 1976,” Dr. Case reported. “A major reason for this increase,” he explained, “‘is expected to be single-family units which should account for at least 70 percent of all housing units included in permits.” Dr. Case noted the total may — be somewhat deceptive since housing increases are not pat se ie al Winners.in NU Orator contest . Nevada Union High ere students Della Campion Lester Rose were first Pon winners of the Grass ValleyNevada City Optimists Club’s first annual oratorical contest held recently in the Nevada City Veterans’ Memorial Hall. In the girls’ division, Jenny Sylvester captured the . first runner-up with Maria Osvath taking second runner-up position. Certificates of appreciation were given to « Marilyn Tassone, Jane Gaske, Suzanne Bouchard, Angela Browning, . Nancy. Kems and. Debra Bird. First runner-up in the boys’ division was taken by Greg Boatright with Bryan. Rusk being judged second Tunnerup. Certificates ~ ah presented to Matt Hebb Tom Thonian, Each contestant spoke on a phase. .of ‘“Tomorrow’s Promise,” as to the effect: tomorrow will have on our daily lives and the future of the ebruary. Judges for the contest were John Phillips and ‘-Tino Tassone with Lamond ‘ Laughlin acting as time "keeper. Dick Biery and bade Case wrote. rise -He said while residential i hae a 34 percent in 10 housing construction and sales THE NEVADA COUNTY NUGGET — — thursday, February 19, 197 a6 — 5 ~ Moderate Housing Gains predicted for 7 6 southern counties and 41 percent in the bay area counties, an increase of 50 percent is anticipated in Orange County. He mentioned several factors are likely to limit in 1976. denying mortgage loans on property in geographical areas ‘without Included were delays due to regard to the worth; of the environmental requirements, Would-be borrowers) and confusion over red-lining (the Waiting to see what the newlypractice by lenders and some Created state housing finance government agencies of agency will do. specific with the big pulling power. nino” Sources of Energy— No. 3 of a series If the Brontosaurus had been more romantic, electricity would be cheaper. There's power im numbers Millions of years ago, weird-looking animals arid —_ populated the earth, on larid and in the sea. As they died off, they left vast accumulations of résidue. These remains were buried under millions of tons of earth, or of ocean sediments, and slowly evolved into layers of coal, and of pools of oil and natural gas. More and more, we came to depend on these fossil fuels for energy in our homes, factories and. power plants. Had the Brontosaurus and those other crea e no doubt there would be greater . Quantities of gas, oil and coal today. Until 1950 California produced all the . buying gas from Texas. Then from Canada. And now our supplies are diminishing. One day natural gas may no longer be available for boiler fuel. Other sources — _ of energy Gas is one of 5 kinds of natural energy PG&E uses to produce electricity. Another is geothermal steam at The Geysers. It is relatively inexpensive, but even by optimistic estimates, it-would supply only about 10% of our needs by 1985. A third is water power. PG&E has one of the nation’s most extensive hydroelectric systems, but nearly all sites were developed over the years. That's why natural gas and oil—our 4th source—had to become more prominent in our energy mix. In the past 5 years the cost of gas. has more than doubled and that of low_ sulfur fuel oil has quintupled, account-. ing for most of our rate increases. Like other utility systems here’and abroad, PG&E has turned to uranium —our 5th source—as an alternative to Nuclear power plants can produce electricity at about 40% less than new’ a oe PORE UCHION COMM akware in greater qumbers, = economic’and acceptable water power . Coal one day may be our sixth source of acquiring reserves in Utah. Research in solar electricity shows promise, but its use as a major source is, at best, many years away. Our ” industry's research in fusion, tidal and } » wind power some day: may make them . practical for generating electricity, but they simply are not available for planning today. Facingthe _-Problem together The demand for electricity continues ’ continues to grow. The problem of ; For our part, we will continue our & urgent efforts to develop-all available ee to grow, partly because population itself ~ meeting this growing demand is urgent. slanoess, fod t Teil sienna 36 enn enetgy more efficiently, to keep you provided with adequate'energy and reliable service at the lowest possible : cost. For your part, the éffective way to ‘” help control the supply ané*the’Spiral? ing cost of energy, is to use'léss of it. We encourage you todo so becéilise the * energy you use is too precidtis. Hand * too costly.. to ‘waste. ‘ s

Pd An article in the February issue of California Estate . warns that -infldtion and rapidly spiraling ¢ could keep the demand for new and exisitng housing at moderate levels in 1976 despite the availability of easy mortgage money. The article, Housing and Construction 1976, is written by Dr. Fred E. Case, professor of urban land economics at UCLA. California Real’ Estate is a monthly magazine published by the 82,000-member California Association of Realtors. the state, but instead, area are expected to be the leaders while Orange and San iS ps ama an lead southern California,” Dr primarily in. selected areas. Predictions where the most active housing markets in the state will be were made by the UCLA professor. “In the north, Sacramento _ and the San Francisco Bay Calling 1976 a year of modestrecovery, Dr. Case reasons such as concerns about energy savings, growth controls, and a shortage of existing homes for sale. “Proportionately, housing fared much better in California nationally with 130,000 estimated housing starts in 1975 and a 35 percent increase to 175,000 units in 1976,” Dr. Case reported. “A major reason for this increase,” he explained, “‘is expected to be single-family units which should account for at least 70 percent of all housing units included in permits.” Dr. Case noted the total may — be somewhat deceptive since housing increases are not pat se ie al Winners.in NU Orator contest . Nevada Union High ere students Della Campion Lester Rose were first Pon winners of the Grass ValleyNevada City Optimists Club’s first annual oratorical contest held recently in the Nevada City Veterans’ Memorial Hall. In the girls’ division, Jenny Sylvester captured the . first runner-up with Maria Osvath taking second runner-up position. Certificates of appreciation were given to « Marilyn Tassone, Jane Gaske, Suzanne Bouchard, Angela Browning, . Nancy. Kems and. Debra Bird. First runner-up in the boys’ division was taken by Greg Boatright with Bryan. Rusk being judged second Tunnerup. Certificates ~ ah presented to Matt Hebb Tom Thonian, Each contestant spoke on a phase. .of ‘“Tomorrow’s Promise,” as to the effect: tomorrow will have on our daily lives and the future of the ebruary.. Judges for the contest were John Phillips and ‘-Tino Tassone with Lamond ‘ Laughlin acting as time "keeper. Dick Biery and bade Case wrote. rise -He said while residential i hae a 34 percent in 10 housing construction and sales THE NEVADA COUNTY NUGGET — — thursday, February 19, 197 a6 — 5 ~ Moderate Housing Gains predicted for 7 6 southern counties and 41 percent in the bay area counties, an increase of 50

percent is anticipated in Orange County. He mentioned several factors are likely to limit in 1976. denying mortgage loans on property in geographical areas ‘without Included were delays due to regard to the worth; of the environmental requirements, Would-be borrowers) and confusion over red-lining (the Waiting to see what the newlypractice by lenders and some Created state housing finance government agencies of agency will do. specific with the big pulling power. nino” Sources of Energy— No. 3 of a series If the Brontosaurus had been more romantic, electricity would be cheaper. There's power im numbers Millions of years ago, weird-looking animals arid —_ populated the earth, on larid and in the sea. As they died off, they left vast accumulations of résidue.. These remains were buried under millions of tons of earth, or of ocean sediments, and slowly evolved into layers of coal, and of pools of oil and natural gas. More and more, we came to depend on these fossil fuels for energy in our homes, factories and. power plants. Had the Brontosaurus and those other crea e no doubt there would be greater . Quantities of gas, oil and coal today. Until 1950 California produced all the . buying gas from Texas. Then from Canada. And now our supplies are diminishing. One day natural gas may no longer be available for boiler fuel. Other sources — _ of energy Gas is one of 5 kinds of natural energy PG&E uses to produce electricity. Another is geothermal steam at The Geysers. It is relatively inexpensive, but even by optimistic estimates, it-would supply only about 10% of our needs by 1985. A third is water power. PG&E has one of the nation’s most extensive hydroelectric systems, but nearly all sites were developed over the years. That's why natural gas and oil—our 4th source—had to become more prominent in our energy mix. In the past 5 years the cost of gas. has more than doubled and that of low_ sulfur fuel oil has quintupled, account-. ing for most of our rate increases. Like other utility systems here’and abroad, PG&E has turned to uranium —our 5th source—as an alternative to Nuclear power plants can produce electricity at about 40% less than new’ a oe PORE UCHION COMM akware in greater qumbers, = economic’and acceptable water power . Coal one day may be our sixth source of acquiring reserves in Utah. Research in solar electricity shows promise, but its use as a major source is, at best, many years away. Our ” industry's research in fusion, tidal and } » wind power some day: may make them . practical for generating electricity, but they simply are not available for planning today. Facingthe _-Problem together The demand for electricity continues ’ continues to grow. The problem of ; For our part, we will continue our & urgent efforts to develop-all available ee to grow, partly because population itself ~ meeting this growing demand is urgent. slanoess, fod t Teil sienna 36 enn enetgy more efficiently, to keep you provided with adequate'energy and reliable service at the lowest possible : cost. For your part, the éffective way to ‘” help control the supply ané*the’Spiral? ing cost of energy, is to use'léss of it. We encourage you todo so becéilise the * energy you use is too precidtis. Hand * too costly... to ‘waste. ‘ s