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I question how much of the appreciation is the 'community' volunteer efforts when shank-fest parts of Oakland and other places where negative externalities from
by beaeglebeachh 2y ago
I question how much of the appreciation is the 'community' volunteer efforts when shank-fest parts of Oakland and other places where negative externalities from non-owners dominate yet property owners are experiencing similar wild appreciation rates.
The most dominating recent appreciation in value is the privilege of a coveted fed induced near 0% mortgage. Owners can laugh at the next generation, damning them to essentially pick up the inflationary tab of their negative real rate loans.
- deleted 2y ago[deleted]
- llamaimperative 2y agoThe 2.75% mortgages are nationwide. Any differential appreciation is due to the locality (and for the most part not due to geographic realities but cultural/social/economic realities). In Cupertino, 99.9999% of the appreciation is due to the ultra high-paying jobs there.
- seanmcdirmid 2y agoAsian immigration had a lot to do with it also, it is basically the Richmond BC of the Bay Area getting to 63%.