Anyway, blame all you want on whatever group you feel like blaming it on as to why real estate prices are high, rent prices are high. Whether it’s because you feel like it’s foreign buyers, speculators, low interest rates, too many cash buyers, weather, too many well paid people.
One of my neighbors just paid close to $1.3 million for a home in my neighborhood. Previous peak price was closer to $1.15. And they aren’t from china. Just a two income family which both adults are doctors relocating from out of state.
I’ve been seeing a lot of doctors relocating to CA buying in my neck of wodds, much more so than engineers. This is the third doctor family around me. Perhaps, you can blame the sudden uptick of doctors migrating into CA because of Covered California?
