Is it a stretch to say Prop. 10’s rent control is bad economics?

(Photo by Dean Musgrove, Los Angeles Daily News/SCNG) Simply put, the economic concept of “elasticity” is in play with Prop. 10. This theory measures what a consumer may do when faced with changes in the price of a product or service. Or how far you’d rationally stretch your budget to buy something. Read more @bethanywpatten …

Bay Area Luxury Housing Market versus Los Angeles

  Bay Area Luxury Housing Market Pulls Back While Los Angeles Holds Steady Pacific Union Chief Economist examines third-quarter luxury home sales trends in Los Angeles and the Bay Area, with the former market faring better than the latter. Read more on the @bethanywpatten #BayArea #LosAngeles #HousingMarket # California #compass #realestate #realestateagent #bethanywpatten