[quote=flyer]Many articles indicate that fewer and fewer of the native-born population are able to buy homes, so the influx of foreign funds in certain housing markets like CA may end up being a sustaining force for housing prices in those areas longer term.
That’s a good thing for those who already have property–but not great for those who don’t–especially not for young people who would like to buy in the areas in which they were raised. We bought property for our kids years ago, but it’s a different world today.[/quote]
flyer, that’s all well and good …. um, except that you have posted here several times that your kids are currently living and working in the LA area and SF bay area, respectively (as my kids are). How are your kids (theoretically) going to one day occupy a home (in SD County?) that you have “earmarked” for them if they are making a much better living elsewhere in the state??
Are your property “investments” actually spread thoughout the state, and if so, are your kids currently occupying them?
For the record, my kids (all SD natives) have (vociferously) stated that they will NOT return to SD for a job when they can make much more money elsewhere in the state. And frankly, I don’t blame them. If I was a freshly minted 22-year-old college graduate, I would NOT be here in SD, plain and simple.
