Or maybe it causes bubbles, because you can park capital into scarce California real estate while basically having flat taxes forever? https://twitter.com/HJTA/status/793133595648856064 …
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that's not a bubble though. That's incorporating a tax law into the price.
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it inhibits turnover which makes increasingly scarce supply more prone to bubbles. http://www.lao.ca.gov/Publications/Report/3497 …pic.twitter.com/oDU3clCLgF
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Who then complain that the housing crisis only exists because millennials are lazy.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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