rising property values imply housing is becoming more unaffordable, land is also too expensive to acquire for affordable housing
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I read a story about a woman in Santa Barbara sleeping in car because housing unaffordable. Solution? Move!
End of conversation
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So it's come to this. The 55 year old retired firefighter with RV and boat in his driveway. Enemy of the tattooed Millenial.
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we realized that not a single couple we knew has bought a house in bayarea without parents helping, for Bay natives. Nutso.
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when are you going to publish a book on this stuff?
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and money "destroyed" by reducing earning potential for California kids whose public education suffered as result of Prop 13
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by my quick estimates the median Palo Alto homeowner got handouts of ~$1.3m over the past 5 years:https://docs.google.com/spreadsheets/d/1QpR8STB-mFEnMf7V7j2Du3VpO8FDP7A4EJ5thY_OFmo/edit …
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- not to worry, we can't take it with us. Next Gen inherits greatest country and $$ ever.
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