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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (29298)3/24/2005 8:17:55 AM
From: Wyätt Gwyön  Respond to of 110194
 
bubble prices in west coast bubble cities drive away famblies with children
nytimes.com

Even in San Francisco, where officials are preparing for another round of school closings amid a projected decline of 4,000 students in the next five years, city officials are aggressively marketing the city and its schools to young families.

But what they cannot do, especially after the failure last year of a ballot measure sponsored by the Chamber of Commerce to encourage affordable housing, is bring housing prices down.

"Portland is a great city that attracts a lot of educated people," she said. "But the real estate is becoming outrageously expensive. And then you get wealthy singles and wealthy retirees. What's missing are kids. And that feels really sterile to me."