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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (266267)	12/28/2005 3:55:41 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 1575120

Single payer will bust us worse if they let everyone flop in on it. With the right laws it could be good...

To: Road Walker who wrote (266267)	12/28/2005 3:58:55 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 1575120

RE:"BTW, if only 8% of people in CA can afford to buy a house, what's going to happen to housing prices?" Either... 1. Cash in and move out of state. Otherwise your new property tax will kill you. 2. Don't move. If you don't currently own... 1. you're in danger of buying at a major top. 2. Rent...unfortunately this puts a lot of peoples plans on hold.

To: Road Walker who wrote (266267)	12/28/2005 5:17:34 PM
From: tejek	Read Replies (1) \| Respond to of 1575120

BTW, if only 8% of people in CA can afford to buy a house, what's going to happen to housing prices? They've been citing those same tired statistics for 15 years...maybe longer. There is a couple reasons why it doesn't matter all that much in CA. First, CA is the land of milk and honey. There is a lot free money floating around. I met this guy once just before I left who had written the screenplay for some children's tv show. Ten years later he was still living off the money from the sales price plus the residuals. I heard he had to go back to work last year. And trust me, he had a very nice lifestyle before and after he got married. I understand he went back to work only last year. This funny money is available mostly in the film industry but it spills over to other industries as well. Secondly, a lot of CA parents when they sell their house in order to retire, relocate to a cheaper state and give their offspring some money for the down. A third way is through hi tech startups.....there is lots of money to be made. Not as common as it once was but it still has an impact. Those are the three major ways but there are others as well. Californians are some of the most creative people in the country....if there is a way, they will find it.....legal or otherwise.