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Article: Daily News, Los Angeles, real estate column.

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Knight Ridder/Tribune Business News
Article date:
September 13, 2004
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By Gregory J. Wilcox, Daily News, Los Angeles Knight Ridder/Tribune Business News

Sep. 13--HIGH HOUSING COSTS DRIVING PEOPLE AWAY? YEAH, RIGHT! It's quiz time.

California is pricing itself out of the population market through high housing costs. Density, or packing people and businesses together, stifles growth.

These statements are:

A. Myths.

B. Facts.

Actually, the answer is "A," believes myth-buster and senior UCLA economist Christopher Thornberg, who smacks down two popular takes on California's pricey real estate market.

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