Home › Forums › Housing › Today’s LA Times headline news › patientrenter wrote:briansd1
[quote=patientrenter][quote=briansd1]…. How low house prices go depend on unemployment, debt level, interest rate etc….[/quote]
Don’t forget the most important determinant of home prices – govt intervention (always in one direction, aimed at increasing prices).[/quote]
Sorry if I restate the obvious,
For the State/Gov, increasing Prices equal increase Tax revenue (i.e.. Life).
Decreasing prices equal decreasing Tax revenue (i.e.. Death).