Sorry @kimmaicutler but where in your linked article does it support your claim?https://twitter.com/kimmaicutler/status/962427583798194176 …
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which part? the decline in active listings is in that post. But the parent-child transfer stuff is here: http://www.lao.ca.gov/reports/2017/3706/property-tax-inheritance-exclusion-100917.pdf?pdf=3706 …
Your conclusion that it’s caused by property tax law is not in the paper, which describes a net increase in population fueled by job market and immigration. Lower inventory can be from lower days on market not just fewer entering the market.
That said, your statement about people holding on to their inventory has an effect, I just don’t think it’s supported in that evidence. Great article though, thank you for posting.
Why are U against parents being able 2 leave their kids property? How is it ok 2 prevent parents from passing their assets 2 their kids? U support forced wealth redistribution? Do U just want foreigners 2 buy housing & displace the current population?https://www.cnbc.com/2013/11/25/chinese-buying-up-california-housing.html …
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