[quote=mixxalot]Nope I don’t just stating root cause of price bubble that is all. The Japs did the same thing in the 1980s and look how well that turned out.[/quote]
So do you have the actual closing stats for all of san diego county to see what percentage of purchases are chinese from mainland china? I specially ask because, well for instance there are some chinese that are US citizens and/or naturalized citizen, that well are just like every domestic buyer, with the exception that they possibly manage their money better than the average person….And then, while visiting places like Encinitas, Carlsbad, Cardiff, RSF… I don’t see too many chinese buyers for those homes there. I think the bulk of those buyers are still, for the lack of the better word of describing people in general, white…
So, I’m curious what lead you to conclude that the reason why real estate prices are unaffordable is the fault of roughly 18-20% of all real estate purchases in CA that are that are buyers from mainland china? Could it be also possible that other people were luckier, didn’t go through a major layoff or financial crisis during these years, did ok with investments, had access to cheap borrowed money and were qualified to get those loans?
