By Eric Cooper Santa Monica
So Lloyd Garver is impressed with the way France sets limits on necessities (SMDP, May 6, page 4). Lloyd wants our government to put limits on the price of oil.
Well, if there is anything more important than oil for our cars, it’s housing for our residents. I am still renting because I can’t afford the price for even a condo in Santa Monica.
So, let’s have the government make everyone in Santa Monica who has made $200,000 to $500,000 on their houses in the last five years limit their profits to, say, $100,000. Certainly those homeowners who think $3 oil is obscene should be happy with a return of $100,000 profit on a house they were also able to live in for free these past five years.
Certainly people against big oil will be sympathetic and sell me their house for a more reasonable price than the market is saying it’s worth because they aren’t greedy. Right?
Since housing is more important than transportation and Santa Monican homeowners are more compassionate than Big Oil people... let’s start by getting the overpriced housing thing settled first. Once I move in to Lloyd’s old house, I will certainly devote most of my time to getting him oil for under $3.
Originally published in the Santa Monica Daily Press print edition on May 11, 2006. Read the original PDF.