The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GraceZ who wrote (43634)	10/26/2005 1:48:18 AM
From: Live2Sail	Read Replies (2) of 306849

"Take some time to investigate. How does an increase in sales of existing homes help to alleviate a persistent gap in housing unit construction?" Grace, What does the above have to do with the fact that Prop. 13 gives people an incentive to stay put. Also, your statistic of 6.5% turnover in CA versus 5% for the entire country means little to nothing about the effect of Prop. 13 as a "Tax on moving." You have an observational statistic with confounding variables. It's a weak correlation at best, and correlation is not causality. See these papers that describe the "Lock-in" effect and the incentive to stay put because of Prop. 13: scholar.google.com scholar.google.com scholar.google.com Just because something is conventional wisdom doesn't necesarily mean it's wrong.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next