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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Steve_C who wrote (205140)	5/30/2009 1:47:20 AM
From: Live2Sail	Read Replies (1) \| Respond to of 306849

Housing turnover rates in California are only about 8 months longer than the national average. I'm sure there are particular houses that haven't come on the market because of the Prop. 13, but to think housing would tank with its repeal is pure fantasy. Why do you want to live in a fantasy world? Is this average mean, median, or mode? Could I see the link for your data?

To: Steve_C who wrote (205140)	5/30/2009 2:33:49 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

>>but to think housing would tank with its repeal is pure fantasy.<< so you are saying that increasing property taxes dramatically on millions of home owners would lead them to be more likely to afford their home and stay in it? that's the real fantasy here. please don't tell me that thought process was educated into you by one of these 90% of their highest salary CA teacher pensioners. increasing the cost of owning a home would lead to less demand for homes, which leads to more supply of homes, which leads to lower home prices. it isn't complex once the agenda is dropped in reason comes into play.