On: California exodus is a myth, UC research project f...

[rcpt]

Prop 13 is a huge incentive to park as much cash as possible in real estate and then never sell. Hugs market distortion. It's statewide.

[simfree → rcpt]

Even in Oregon places like Hood River, Veneta, Bend and such have seen home prices surge.

Areas of Washington State like Arlington have seen this as well, it's crazy to see a dated 4 bed 3 bath house go for $800k when it is not within even supercommuting distance of any high paying employees.

[dragonwriter → rcpt]

> Prop 13 is a huge incentive to park as much cash as possible in real estate and then never sell.

Or cash out for a retirement where you aren’t living someplace subject to Prop 13 effect on the market, which is what a lot retirees leaving CA do.