On Aug. 7 you carried a front-page story, "The Times Orange County Poll: High Home Prices Stir Fears for the Future." The story, whose poll questions are not known or defined in detail, related an almost cruel free-enterprise situation in Orange County housing.
The Orange County housing picture is one of a tremendous economy and healthy business climate situated in a wonderful and desirable climate. Of course, the demand for a limited desirable anything is going to drive costs up in a free society. Only socialism would induce rent controls and low-income housing, which is in total conflict with a free market society.
The "poll" implies that 84% of those contacted stated homes would be priced beyond the reach of their children. I suggest that there are three facts behind the issue. People and their children no longer have the will to save and sacrifice now to purchase a future home. Many would prefer to drive a German status symbol, rent near the beach and complain how they cannot afford to buy.
Too many parents who own homes in Orange County are helping children "crack" the down-payment problem, which is great and no doubt necessary.