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La Jolla called most expensive housing market in U.S. again

Area one of two in top 10 that saw prices increase

Roger Showley, SAN DIEGO UNION-TRIBUNE

Thursday, September 24, 2009

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Kelly Cunningham, economist at the National University System Institute for Policy Research, said the high cost of California real estate poses a problem for the state's competitiveness.
“Our cost of living, cost of doing business, taxes — all that comes into play,” Cunningham said.