Foreign investors we already covered this. They at most make up of 1/4-1/3 of purchases at the high end…That still doesn’t explain the 2/3 to 3/4 people who aren’t foreign investors that are still buying. Institutional buying at these levels? no way…
.And the foreign investors you are probably referring to, ie China investors, aren’t just “investors”. We’ve already covered this over and over again… Unlike Japan, China investors aren’t just parking their money here in the U.S…They are buying as plan B in case of political instability that will throw the wealthy class into jail.
I know for people in this country it’s a concept really hard to understand. But look at those activists who are investigating Ivana Trump’s sweetshops in China… One has been arrested and the other two just “disappeared”….This sort of arbitrary thing is what keeps the wealthy there concerned, because any sort of regime change, you can easily be the next target.
Unless the government significantly changes in in China (which it won’t for a long time), that sort of instability will always be concern for the 0.1% wealthy there…unlike taiwan, japan, korea…And with a billion people, 0.1% is still a lot of people….
Just look at what’s going on….MiraMesa slowly turning into something that is reminiscent of what happened in places like Diamond Bar.
Just happening lately, a bunch of targeted businesses specifically for the asian community, in SD which historically been small…this is happening because there is a demand for it. demographics is changing significantly.Probably because the rest of SoCal is saturated and now San Diego is getting the spillover effect..And it isn’t going to let up, especially that Trump crew now just greenlighted encouraging investment immigration (invest $500k+, get a greencard)…Looks like Emerald, Jasmine, Ding Ta Fung in UTC now has even more competition…..
