5 ms·

Are there any pieces of data quantifying how much of an effect this is having in San Francisco?

• api 11y ago
  Is the information public? Equity investments are visible in SEC filings, but can this even be quantified from public data?
• linkregister 11y ago
  There's a very small amount of data available. It suggests that international purchasers are around 6% of the total cash buyers of real estate. https://news.ycombinator.com/item?id=11270279 https://news.ycombinator.com/item?id=11270279
  • fiatmoney 11y ago
    It is somewhat frequent for the buyer to be local, and the money to come from overseas. Son buys a house with his dad's dubious-origin money. And given the lack of required information & intentional ignorance ("so, Mr. Boriskypov, would you describe yourself as an oligarch?") I'm not sure how that dataset could reliably identify "international" purchasers.
    • linkregister 11y ago
      The dataset was from a real estate company's reports from individual realtors. I'm confident the realtors know the origin of money. I think a more appropriate criticism would be to focus on the narrow class of purchases (cash only) or small sample size (n=300, though the company represents 10% of the real estate market in the SF Bay Area). Unfortunately, it's the only published information I could find.
• Tempest1981 11y ago
  This article throws around numbers like 15% for the Bay Area (not US), in 2014. Not sure about SF. http://www.sfgate.com/business/networth/article/How-and-why-buyers-from-China-are-snatching-up-5924991.php http://www.sfgate.com/business/networth/article/How-and-why-...