The author of this book came to the US in 1962 from Taiwan. To him, America was the land of opportunity as he heard and imagined. He had a BA Degree from a foreign country, but he couldn’t find a job based on his degree. He arrived in San Pedro or Port of Los Angeles, started working on a manual job the next day, and got paid $1 an hour. Nobody told him that federal minimum wage was $1.15 an hour. It didn’t matter to him, because after just over a year, he had saved enough to go to graduate school. He also discovered that, even though he considered himself a mediocre student, he had the aptitude of an excellent handyman that he didn’t know before. In five years, he got a Master of Science Degree from the Department of Computer Science and Applied Statistics at Utah State University, a Ph.D. in Statistics from Colorado State University and a teaching job at California Polytechnic State University in San Luis Obispo, CA. He bought his first house in October 1972 in the town at very affordable price. He noticed that what the local politicians and bureaucrats were doing would transform San Luis Obispo from a rural town with very inexpensive housing price into a town with the least affordable housing prices in the country and their practices would spread quickly to the rest of the state and beyond. He and his wife invested in housing aggressively, they didn’t just buy a few houses for rent. Before 1980, they built two small apartment complexes and got California State Building Contractor’s License. The rising housing prices in town made them instant millionaires. This book explains in details the California housing conspiracy from an insider’s perception.
About the Author
