“Why is a 2000 sq ft house worth 150K say in Wisconsin but that same 150K house is worth 50oK in CA?”
Because a buyer will pay that price in CA, same as any other goods, services in America.
And the people in CA are “happier” than the people in Wisconsin!!
http://www.gallup.com/poll/116497/Rankings-Reveal-State-Strengths-Weaknesses.aspx
Must be better drugs...kool aid
So you are saying, as long as “happiness reigns” I should be able to over charge for the same product? I will sell you 40 acres in WI for 40K but I will sell you this 40 acres in CA for 4M. Land is Land! Materials for construction are the same materials. Why do I have to subsidize over inflated CA housing costs with my homeowners insurance premiums based on “Happiness”?