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Proposition 13 and housing prices in Illinois and California
The article compares California and Illinois tax structures after Proposition 13, noting California housing costs run higher. It cites National Association of Realtors figures showing West Coast single-family homes rising from 47000 to 70600 between 1976 and 1978, a 50 percent jump, versus Midwest gains from 34000 to 43000, a 28 percent rise, leaving West prices about 63 percent higher than the Midwest.
MENTIONED IN THIS ARTICLE
Tom Wellman
Lindsay-Schaub News Service
California
Illinois
National Association of Realtors
West Coast
Midwest
West
John Baer
Los Angeles
Baer
United Air Lines
Pacific Palisades
John Lauer
Ilinois Department of
Lauer
Ilinois
Castle
Boards of Review
Richard Day
Champaign
Kirk West
California Taxpayers’ Federation
The
Tax Foundation Inc
Ronald Reagan
Thompson
Jerry Brown
Joseph Persky
University of Illinois At Chicago Circle
UCLA
Arthur Laffer