The Price Of Dirt: A Housing Crisis
7 August 2002 - 6:00am
How land prices drive the housing market.
"Stratospheric land prices are the paramount reason the Bay Area has the nation's most expensive housing -- so costly that only a quarter of the households can afford a median-priced house. The shortage of affordable housing is the greatest economic threat facing the region, economists warn."
Full Story:
Cost of land drives home prices
Source:
San Jose Mercury News, August 6, 2002
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