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1   HEYYOU   ignore (31)   2019 Jul 18, 5:15pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

They must be smarter than overpaying American buyers.
2   Fortwaynemobile   ignore (1)   2019 Jul 18, 5:33pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

Well I guess that was the bubble peak.
3   Blue   ignore (0)   2019 Jul 19, 1:32am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Still that does not make any difference as long as the new construction has been stalled.
4   APOCALYPSEFUCKisShostikovitch   ignore (41)   2019 Jul 19, 3:04am   ↑ like (2)   ↓ dislike (0)   quote   flag        

Bomb them until they buy!
6   Fortwaynemobile   ignore (1)   2019 Jul 19, 8:50am   ↑ like (2)   ↓ dislike (0)   quote   flag        

They finally saw those gay pride and tranny parades and said to themselves... to hell with this place!
7   SunnyvaleCA   ignore (0)   2019 Jul 19, 10:17am   ↑ like (2)   ↓ dislike (0)   quote   flag        

I have a rich Chinese friend who was thinking she could buy a shack outright and then rent it out and/or live in it herself as a long-term diversification investment. When I mentioned $20k/year in property taxes she was bewildered... why does she have to keep paying and paying and paying when she paid in full up front? She's not exactly going to be putting on a new roof herself, either; and that's something you probably shouldn't do without permits because you're likely to get caught. Plus, she doesn't speak Spanish. (Her Chinese skills probably would help in the plumbing department, though.)

I think a lot of foreigners get into a house here and are completely surprised by all the other costs.
8   OccasionalCortex   ignore (3)   2019 Jul 19, 11:55am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Hahah! I beat you to this one, @tovarichpeter

https://patrick.net/post/1325867/2019-07-17-nice-side-benefit-from-trade-war-nar-has-fit-as-chinese-pulling-out-of-us-r-e-market-bashes-trump

Although your article offers up more updated, specific-to-CA data that I wanted to read. Thanks!
9   HeadSet   ignore (1)   2019 Jul 19, 5:23pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

I think a lot of foreigners get into a house here and are completely surprised by all the other costs.

And they out-bid the locals who know about these added costs.
10   everything   ignore (1)   2019 Jul 20, 7:16pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

They buy them and rent them out, they know RE is a good investment and will continue to buy no matter what it sounds like, just not as much at the moment.
11   Fortwaynemobile   ignore (1)   2019 Jul 20, 7:19pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Man so many people leaving the state lately. Many are counting down the days.

It’s insane how liberals fucked up California.
12   BayArea   ignore (1)   2019 Jul 20, 9:49pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Peter, that’s a completely misleading headline.

The article says that foreign purchases are down 31% nationally compared to 1yr ago. That’s very different from “stopped buying”
13   Patrick   ignore (1)   2019 Jul 20, 9:54pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

everything says
they know RE is a good investment and will continue to buy


No matter what the price, or the rent they can get?

The math matters a lot.

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