<<Real Estate Investors' artificially good return is due to prop 13. Not due to market capital conditions, but due to false propping thru tax manipulations, all on the backs of NCGs (new college graduates.)>>
Amy, I've been an NCG (new college graduate), and I have one recent NCG now (who is productively working in another city), and am paying the tuition bills/living expenses for another soon-to-be NCG.
If your assumptions are based your view of what NCGs should or should not expect in this economy, no wonder the Californians are mourning their alleged plight.
For crying out loud, every person needs to find his way in this world without government help, without throwing out the state governor, without relying on tax policy to make everything more comfortable for themselves, and without blaming the smart folks who are holding onto properties on speculation of present and future return.
This is capitalism. It's been around a long time. Sorry, but I just don't get it.
(And believe me, I'm in a so-far losing battle with a younger son majoring in political science at a Southern state university who is traveling an attitude and achievement path which sounds waaayyyyyy too much like the attitudes being expressed by some people on this thread. Maybe I'm too personally involved to understand and agree with what you are saying, but I'm hard-pressed to start tolerating it without comment to the contrary. My biggest nightmare should probably be that younger son moves to California and expects his life to be in order when he gets there. It won't be any more in order there than anyplace else. And he'll be calling home for money on his cell phone (billed to parents, of course), just like he has for the past several years. <GGG>) |
