Some of the stats on Chinese buyers looks pretty insane to me (35% of buyers Chinese in CA?)
Overall, SD isn’t Sanfran, but compared to prices there and for a slower pace, I think many people would be ok with being down here and prices are much cheaper compared to LA or SF.[/quote]
NOT that I am for changing restrictions on lending (some people are still not out of the hole from the last loose lending cocktail party)… but this chart is very telling as to why the “locals” aren’t buying the new stuff even though they can handle the debt.
