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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: tejek who wrote (2189)3/31/2014 4:48:26 PM
From: John Vosilla  Read Replies (2) of 2722
 
I think its very hard for people east of the Rockies to understand the CA housing market. It feeds off itself in a way that makes it very different.

We see it in Boston, NYC, Philly, DC even Miami.. Many of the same dynamics but you got the best weather by far, the far more creative, educated class of immigrants from Asia and Prop 13. Does Prop 13 do a lot to hold a ton of supply from every going to market? The NE cities really crushing long term owners with property taxes going up at double digit rates each year it seems..
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