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Transcripts For KPIX KPIX 5 News At 6pm 20240707

reporter: in the san francisco and san jose metropolitan areas, tucker says in the short-term, renting will be the cheaper option substantially. long-term it s tough to speculate. right now the mortgage payment for first-time home buyer buying the typical home in that region is that monthly mortgage payment is going to be up around $8,000 or $9,000 while monthly rent in the two regions is somewhere around 3200 to 3300 dollars. not only you pay mortgage for the homes but they re costing you more to carry the mortgage round on a kind of monthly basis. reporter: jordan levine, the vp and chief economist for the california association of realtors agrees people will save money in the short-term right now by renting. however, he says they might not save as much as they think in the long run and could lose out on wealth accumulation if they choose to rent. when you get five, six, ten years down the road in a rental, it hasn t done anything to your net worth, even if you

Transcripts For KPIX KPIX 5 News At 530pm 20240707

john ramos talked to independent truckers and business owners who say the impact could be disastrous. reporter: ab 5 was intended to give transport workers more protections. but for truckers who own and operate their own rigs, it may be the end of the road, and that s going to affect all of us. on thursday, the u.s. supreme court made news again, this time by refusing to hear a challenge by california truckers to the new law that requires truck drivers to be employees of the trucking companies they do business with. this ruling really took everybody offguard, especially the way they at the speed that they kicked this back. essentially made it law. reporter: the problem is nearly all of the state s goods are transported by truck, many of which are owned and operated by individual drivers. that s especially the case at the port of oakland. there is 9,000 trucks that serve the ported on a daily basis, and 90% of them are independent contractors. so this is a big, big i

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