Replies to post #17418 on The Rising Influence of Rising Affluence

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More on housing -

https://www.bloomberg.com/opinion/articles/2018-10-25/housing-market-is-tanking-in-the-northeast

The author doesn't get the difference in property taxe rates between existing housing and new developments in CA, because of Mello Roos fees. Tax advisor told us that majority of people doesn't realise the tax hit yet, not till they file in April.