A Tale of Two Markets: Amid Price Drops, Condos Hold Up Better than Single Family Houses
Condo prices are much more resistant to price contractions than single family house prices, showing homebuyers' changing preferences.
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Condo prices are much more resistant to price contractions than single family house prices, showing homebuyers' changing preferences.
Condo prices are much more resistant to price contractions than single family house prices, showing homebuyers' changing preferences.
Yves here. Please welcome Lawrence Grossman, who with his wife is a CalPERS long-term care policy holder. Grossman, a financial analyst, describes the extreme underfunding of this zombie program. The rate increases that CalPERS is putting through, a 900% increase over the rates charged at the outset, are wildly disproportionate to the level of any other significant long-term care program. In other words, even by the standards of an industry that is in deep financial trouble, CalPERS’ rate increases are such an outlier that it is hard to explain them solely as a result of the original underp...