Home Prices Stay High Amid Perpetual Gloom
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Negative projections about Southern California’s housing market by Easterners such as Michael Aronstein (“What’s Ahead for the Housing Market,” Jan. 14) are not new. We have been hearing them for the past 40 years.
What the gloom and doomsayers don’t understand is that Southern California has what man has always longed for--a huge, dynamic job base in a temperate climate.
Where have housing prices gone during the past 40 years? Small homes in the Westchester area of Los Angeles, selling for $9,000 in 1950, are selling for $400,000 in 1990. Some crash.
MARTIN A. BROWER
Corona del Mar
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