SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Steve_C who wrote (205412)5/31/2009 3:11:12 AM
From: Broken_ClockRead Replies (1) of 306849
 
Jim:
Tax breaks artificially prop up prices, that's a fact. Without them and some other factors, home prices will drop in line with incomes.

You:
All, I'm trying to point out here is that you can't take it as FACT that tax breaks ALWAYS cause the market price of a good to rise.

You:
But that doesn't mean that prop 13 doesn't raise the price of housing

Me:
Thanks for proving Jim's point. W/o prop 13 prices will fall. They have a lot further to fall in the more inflated, wealthier areas. Costs a lot for all those 'special' schools and services.

edit.

Funny how those ignorant bankers are really tightening up on the jumbo loans. They must have skipped the econ classes you took. It couldn't possibly to related to higher risk in the wealthier areas.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News