[quote=deadzone][quote=Coronita][quote=deadzone][quote=sdrealtor] you’ll never win with that negative attitude.
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Why is wanting prices to go down a “Negative Attitude”? Yes I want middle income and young people to be able to afford a house. I also don’t like neighborhoods being bought up by foreign investors and hedge funds. Neither of these things are desirable or good for the Country in my opinion.[/quote]
The only thing foreign about these recent buyers are they are from other parts of the US where the cost of living is higher. A lot of people trying to buy houses here lately are bay area and LA people who now have the option to work remotely. My latest tenant is a relocation from LA. They currently pay $5000 to live in a condo nesr culver city. They will be paying me the same amount to live in something with more than double the sq ft with access to way better schools. Both will be working remotely.[/quote]
Perhaps, but you mentioned yourself sometime abo that Carmel Valley was being bought up by Chinese money. And regarding people moving here from “more expensive places in US” in reality there are very few places in the US with higher housing costs than San Diego, Bay Area being the most obvious.[/quote]
20 families a month moving from the Bay Area would dramatically change the NCC market and the 4s/Del Sur market combined. Half that already has
