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A comment on Why California is so expensive: It’s not just the weather, it’s the regulation. Parent comment

Re:Why California is so expensive: It’s not just the weather... by shostack on Tuesday July 19, 2016 @05:22PM (#12125021)
In addition to the other accurate responses, there's also the notion that these days, most people are not buying their "forever home" that they will "just live in." They are buying a ($1m+) "starter home" and then hoping to ladder their way up into what might be their "forever home." That involves selling at some point.
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