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To: SmithL
This is another example of how the "blue states," with their high-taxes and ultra-rich elites, are simply pricing themselves out of the market for "average people" who fight their fires, teach in the public schools, police their streets, work at their supermarkets, and so on.

Perhaps more important, an aging population is a population that loses political clout. As the rich, old Californians die off---with no young families to replenish the population---we may actually see the electoral numbers reverse in the near future, with CA losing EVs to, say, NV, AZ, and so on.

4 posted on 11/18/2004 7:57:29 AM PST by LS
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To: LS

California has the added element of a property tax system that is designed to protect long-term homeowners at the expense of new buyers, by limiting the rate of property tax increases for existing homeowners.


98 posted on 11/18/2004 9:10:14 AM PST by Alberta's Child (If whiskey was his mistress, his true love was the West . . .)
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To: LS

I'm one of those younger people considering this. For a downpayment on a 1 bedroom condo, I can pay for 1/2 the asking price of a 3 bedroom house in most other states.

Once my lease is up, I am outta here.


99 posted on 11/18/2004 9:12:31 AM PST by Betis70 (I'm only Left Wing when I play hockey)
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