In 1940, CA home prices were 20% more than the U.S. In 1980, 80% higher. Today? 150% higher. http://lao.ca.gov/Publications/Detail/3214 …pic.twitter.com/TVqoSDfc7E
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@Sr_Lazarus look at the change in the differential from the 1970s to the 1980s. That is key.
@kimmaicutler note 1980s to 90s. LA economy/house prices took serious lumps because of defense cuts + other issues, so growth was elsewhere.
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