SI
SI
discoversearch

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.
Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: Bread Upon The Water who wrote (114138)5/23/2012 6:54:49 PM
From: tejek  Read Replies (3) | Respond to of 149317
 
Not land prices.........housing prices. By reducing taxes it encouraged people to trade up..........they could afford a more expensive mortgage and encouraged others to get into the housing market so they could take advantage of the reduced assessments and taxes. It was predicated on the fear of rising housing prices................and nothing works as well as fear in CA.