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“Oakland,” one of them says. “That’s where we want to invest.” “Too dangerous,” says another. “My wife would never go for it.” “Of course not,” says the first
by jtfairbank 10y ago
“Oakland,” one of them says. “That’s where we want to invest.”
“Too dangerous,” says another. “My wife would never go for it.”
“Of course not,” says the first, “but you don’t buy to live there.”
I live in Oakland. So glad these people aren't coming here.
- rrdharan 10y agoEven if they're not gonna be your neighbors, from the last quote it sounds like they'll be your landlords. Not sure if that's much better?
- jtfairbank 10y agoThey already are my landlords... :( Actually my landlords are pretty dope. They're techies (me too) but they live upstairs so they're ok by me. But yeah, the absentee landlord for profit thing kinda sucks. I get a bit of schadenfreude when chinese investors buy their appartment complex in the city and raise their rents.
- alanh 10y agoAre you saying you saw absentee landlords themselves experience a rent hike at the hands of foreign investors? That would indeed be a nice bit of schadenfreude…
- scelerat 10y agoThose people are the next generation of property flippers.