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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (12856)8/21/2003 8:24:50 PM
From: MulhollandDriveRead Replies (1) of 306849
 
>>Work to lower the overall spending. Over and over I've told you that collectively you are all are paying too much. If you concentrate on that you'll do far more good than trying to beat this dead horse of the elderly yeasting off the young. It was the newer buyers that drove up the prices in the first place. Someone sitting on their house for thirty years doesn't drive up prices (thus real estate taxes) , they are driven up by people buying at the margin. Had you said back in 2000, I won't pay these inflated prices that would have been one less million dollar tract home. I did. I moved from CA because I didn't want to spend 50% of my income for a house. I'm not sorry I did that and I'm far better off than my friends who stayed even though they have a ton of home equity (I have investments instead of an expensive house). <<

it's almost amusing to read lizzie's and amy j's posts about the inability to pay employees sufficiently such that the new hires can actually afford to live where they have chosen to site their businesses...

if they cannot afford to pay wages that enable them to pay prospective employees enough that allows them to buy inflated SV RE <g>, i really do not see how that is due to the "elderly" or proposition 13.

basically they have two choices, either pay up sufficiently to attract and keep employees who can afford to live in the area OR relocate their businesses to an area where housing isn't such an issue.

<edit>

yeasting?

<vbg>
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