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> And each time, we fail to learn the lessons of what made those places get more expensive as more people wanted to move there

I don't understand what you're saying. Most people want to have bought California property 30-40 years ago. "Don't do that or you'll retire in an inflation adjusted $5MM home!" is a strange pitch to get people to do what you want.

To say nothing of the fact that all the other interests (city planners, developers, etc.) also want that outcome.




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