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Most new immigrants don't have a budget to buy a $1M+ home, neither do locals with a $80K median gross household income, so the demand must come from somewhere
by john_moscow 7y ago
Most new immigrants don't have a budget to buy a $1M+ home, neither do locals with a $80K median gross household income, so the demand must come from somewhere else.
- Tiktaalik 7y agoPretty much this. Yes absolutely 'everyone wants to be here' but the land valuations are so beyond typical local incomes that it's a weak af explanation.