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Jim Greens father-in-law, who lives in California, would like Jim to move out from Tempe toCalifornia so he could see his grandchildren more often. Jim

Jim Greens father-in-law, who lives in California, would like Jim to move out from Tempe toCalifornia so he could see his grandchildren more often. Jim Green argues that housing is tooexpensive in California. Spouses pop responds:Of course you pay more, but then housing prices in California appreciate faster, so in thelong run it is a better investment.Does Jim Greens father-in-law think the markets for housing in Tempe and California areefficient? Explain briefly

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