Home price growth of the sort we've seen in recent years simply cannot be sustained without a continued commitment to easy money from the central bank, and it shows.
More than forty years ago, California voters enthusiastically passed Proposition 13, which limited property tax hikes. Politicians have been lying about it ever since.
We cannot compare the subjective values of different people, as their experienced satisfactions are personal. It is nonsense to say that Adam likes pears 20 percent more than Beth likes pears.
