Silicon Investor (SI) -- The First Internet Community

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.

Non-Tech : Deflation -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (274)	4/29/2004 9:01:26 PM
From: Ilaine	Read Replies (1) \| Respond to of 621

Maybe Freddie can explain how the Byzantine world of California property taxes affects housing prices. I know older houses are subject to lower tax rates than newer houses, but am not sure whether that would be true even if the former owner sells it.

To: Maurice Winn who wrote (274)	4/29/2004 10:02:56 PM
From: JF Quinnelly	Respond to of 621

The problem out here is that everyone wants to live in LA and Orange County because that's largely where the jobs are. Riverside County has been experiencing a huge increase in home building because the prices are lower in that county, but many of the people living there commute into LA and OC. And southern California has been the spot where millions of immigrants arrive in the US, which adds a lot of pressure to the housing stock. We also appear to have a mania not unlike that of NASDAQ 5000. People just have to own a house, or maybe two, no matter what the price is. Just wish I could figure out how to go short houses in SoCal.