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August 26, 2008

California Real Estate Quote du Jour

Love this California real estate quote -- and be sure to check the date:

In all the new states of the Union, land monopolization has gone on at an alarming rate, but in none of them so fast as in California, and in none of them, perhaps, are the evil effects so manifest.

-- Henry George in 1870, as quoted in  The Great American Land Bubble (1932)

Plus ca change, plus ca meme, etc.

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