I think FLUB was saying that the Chinese concentration in Cupertino is far higher than Carmel Valley’s are now. I believe that.
Maybe Carmel Valley is where Cupertino was ten or fifteen years ago. My small sample – the local Torrey Hills neighborhood – shows white families moving out and Chinese moving in.
I wonder whether shudders in the Chinese economy might increase or decrease capital movement to these neighborhoods. I think some argue that any movement in the yuan / $ exchange rate would only be in the direction of yuan stronger.
I care less about living in a neighborhood with a bunch of Asians – some of my best friends are Asian, har har – than I do the neighborhood property values being supported by a relatively arbitrary preference. Then again, I do not think white people’s preferences for neighborhoods are a whole lot less arbitrary!
