To: xusafflyer
To: ReagansShinyHair
The high home prices in California are self-inflicted. Prop 13 provides enormous incentive to _not_ move, constricting market supply of existing homes. Heavy handed regulation (both local and state) restrict the supply of new homes. Result - stratospheric prices.
9 posted on
11/18/2004 8:00:14 AM PST by
glorgau
To: ReagansShinyHair
My house goes up for sale next week. Moving to a Red State. I am concerned for my stepdaughter. She's 27 years old, has a good, steady job and absolutely no chance in hell of buying even a small condominium here in San Diego.
34 posted on
11/18/2004 8:09:11 AM PST by
Hildy
(The really great men are always simple and true)
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