Monday, June 10, 2013

Short-Term Memory Loss in L.A. (and Elsewhere)

As Home Sales Heat Up Again, Buyers Must Resort to Cold Cash. (The New York Times, 6/8/2013)

Excerpt:    The bursting of last decade’s housing bubble feels like ancient history here, where first-time home buyers are competing with investors to get into single-family homes with prices approaching $1 million.

Merriam-Webster notes that the first known use of "cold cash" occurred in 1925.

Related articles:
Drop in property values and increase in tax appeals impact New Jersey's "third of a mil" library funding formula.  (5/3/2012)
 The Atlanta housing meltdown continues.  (2/2/2012)
Municipalities feel the squeeze of declining property values.  (8/11/2011)
Housing prices continue to fall in U.S. cities.  (1/25/2011)
On the basis of this trend, urban libraries will certainly be tightening their belts again next year.  (12/28/2010)
The property tax domino effect (Atlanta metro area). (12/27/2010)
National League of Cities research brief on America's cities.  (10/7/2010)

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