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> upside: expect house prices in the SF bay area to become more affordable. Until the Chinese peg falls, I don't think you can. I mean, aren't SF house prices
by tomp 11y ago
> upside: expect house prices in the SF bay area to become more affordable.
Until the Chinese peg falls, I don't think you can. I mean, aren't SF house prices driver by Chinese investors about as much as by domestic Twitter millionaires?
- rhino369 11y agoIt's probably supported by both. But if prices fall, that could lead to Chinese abandoning the market and dropping prices further.
- rconti 11y agoit sure didn't dip much in 2008.
- tomcam 11y agoCorrect. Cash real estate purchases by Chinese nationals will continue to dwarf those of Silicon Valley employees.
- simulate 11y agoAre there any sources / links you can share on cash real estate purchases in SV or Bay Area? I'm interested in reading more about this and a preliminary search isn't yielding any recent news.
- collyw 11y agoThis sort of data would be interesting/ useful for any location. I was recently in Phuket where I was told property prices are dropping due to the Russian currency tanking, so many of the Russian owners are selling up. Knowing how much of an area is owned by certain foreigners would definitely be valuable knowledge.