[quote=no_such_reality]BG, I know plenty of those Asian and East Indian immigrants. Many are in debt up to their eyeballs. And that’s inspite of both of them being highly educated, highly employed and frankly, they’re wondering how to get off the financial treadmill too.
I also know plenty that are working their backsides off scraping to build wealth and get enough capital to open that 2nd franchise or buy the next rental.
BTW, have been to fly-over land lately? Asian and East Indian immigrants are common.
Negative connotations aside of your post, you make our point, you need to down-grade your material lifestyle or make $200K plus to be in the good parts of Cali. And unless someone left you a house, $100K in Cali is lower middle income existence and it just gets worse as you go down from there.[/quote]
Yes, I’ve been to several hospitals in “flyover land” in recent years visiting relatives and noticed that nearly all the new resident/interns as well as many physicians and PAs are of Eastern Indian descent.
And when I was researching the effects of fracking on water quality here a few weeks back, I noticed that most of the petroleum engineering students (and some teachers) at OU were of East Indian descent.
I don’t think most of these immigrants grew up with a “silver spoon.” And many of their parents obviously sacrificed mightily to send them to college in the US. They will go wherever the best opportunities for themselves are. They don’t have a “need” to live close to a coast. Any place in America is better than their homeland, due to the better economic opportunities they present. Economic opportunity is the only reason most of these immigrants sought permanent residency in the US after graduation, IMHO.
Contrast the immigrants to an American Gen X/Y who had their own horses in TX … while growing up in a 4400 sf home on daddy’s ranch (that their dad and other relatives built on land long-owned by family members). That individual (even if only a HS Grad) is NOT going to be happy with what they can “afford” to live in in SD, no matter HOW much they and/or their spouses make. Even as a military spouse stuck in SD Navy Housing or Camp Pendleton, my experience was that these “silver-spoon types” typically hate the lifestyle here, whether living in military quarters … or not.
The CA coastal housing disconnect is not fixable because it is part of the transplanted resident (or soon-to-be transplant who may or may not take the transfer on offer due to this “disconnect”). It is psychological but I will stop short of saying it’s a “problem.” It’s only a “problem” for those who are chronically disenchanted with the tradeoffs they must make to live in a particular locale. Since it’s a “free country,” they are free to leave (as the OP is finally doing here). And agents/brokers are free to see thru this “disconnect” early on and fire these “buyer” clients, freeing them up to find someone else to help them find what they are looking for in their price range, lol.
