[Joe Hadenuf]

Funny, you ask any realtor in Southern Cal and most all will tell you, the existing inventory of homes for sale is very low. Hardly anyone is selling. And when they do, the home is sold sometimes in less than a week. LOL.....

[BradyLS]

Dr. Thomas Sowell can answer your question much better than I. He often rihts about this seeming paradox.

Suffice to say that rent controls and the implementation of zoning land for greenbelts (which discourages development of housing of all kinds) in many southern California cities means that you have an entrenched gentry (not surprisingly, aging liberals who pay low rents and put the rules in place) that forces out low-income wage earners. Land is snapped up (the houses on it are worthless by comparison) by the wealthy, who know there is no other land to be had.

He's linked from Drudge's site.

[Criminal Number 18F]

when they do, the home is sold sometimes in less than a week

.... to a consortium, or extended family, of fifty or sixty illegals...

d.o.l.

Criminal Number 18F