ST Alpha - "Take out the last 3 years, real estate values were going up faster than incomes. -- nm" (Reading a Post)

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In response to "protections can be put in for cases like that without f'ing the rest of us in the process -- nm" by pigby

Take out the last 3 years, real estate values were going up faster than incomes. -- nm

Posted by Redmond has a particular set of skills (aka REDMOND) Jan 29 '09, 18:38

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Responses:

That is going to happen sometimes. Not everything is indexed to the "cost of living". -- nm - TFox Jan 29, 18:41 2
- That's why I am more of a fan of consumption taxes. -- nm - Redmond has a particular set of skills Jan 29, 18:42 1
  - Same here. If we were to increase sales tax I still have the option to buy or not, in most cases. Repealing Prop 13 would put me at the mercy of the - MojaveMeg Jan 29, 18:55
yeah, speculators blew up a might bubble. none of which was captured during the boom times because of Prop 13 -- nm - pigby Jan 29, 18:41

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