What? Are you saying that California's socialism isn't a big reason that real estate prices are sky-high in California? By socialism, I include the anti-growth policies and anti-property-rights policies that prohibit builders from meeting the demand for new homes. One aspect of socialism is when government "manages" the economy with dictatorial edicts that stop the private market from meeting demand with new supply. That's what has happened in California -- property owners and builders who want to develop their land with new homes are told they can't, or they're allowed to build only a few houses where thousands would fit.
Don't waste your time : )
How surprising to learn you're against mandating builders to provide for schools and parks. Perhaps you prefer to allow builders to erect tall units of condominiums regardless of the locale?
CA's real estate soared for several reasons, not just supply and demand. People wanted larger houses and more 'extras.'
No interest loans are shams as are some of the more imaginative finanancing but it still reverts back to BUYER BEWARE.