If everyone’s leaving the region, who is buying their houses?
“who is buying”
Central Committee members.
Driven by a strong economy, the region’s overall population continues to grow.
Precisely-— this is a puff piece article for the dude— who appears to be running a corporate re-location real estate bizness, contracted to Silicon Valley tech weenies.
The relo “real estate buys” in Raleigh-durham area can be reflected in the purchase of Red Hat by IBM..for 34 BN just so IBM can get a slice of the “Cloud”.
IBM has, (since it sold it’s laptop division to Lenovo over 9 years ago) several huge vacant buildings (they tried to lease them, no dice) in the corporate park put together on Dem Governor Terry Sanford’s land (funny that) called “Research Triangle Park” or RTP. Same place the HQ of the federal EPA is located (with the exception of pharmas and statistical database cos, there isn’t much else there). So 30 homes in that scheme of things.... not a “run”. Wish that it WERE so that tech weenie big bucks people were actually concerned about their tax hits... finally. Don’t think it is true- and it directly relates to Tucker Carlson’s start of year program talking about being beholden to mercenaries in government and their partners in corporate/tech world.
CA is going the way of Detroit, but in a pot-infused, environmentally sensitive way shooting themselves in... the head. No middle class and “let’s bring in Aztlan the poor “immigrants”— who are the “servant class” needed by the tech weenies (au pair girls and boys).
If it's the Bay Area, foreign investors/homeowners. Chinese, Indian, East Europeans, ...
“If everyone’s leaving the region, who is buying their houses?”
Asians, multi generational in the same house helping with the bills. They have that communal Socialism down pat.
That’s a real good question. Article says “Residents between the ages of 18 and 24, and between 45 and 64 were most likely to leave.”
There can’t be that many Google, Facebook & Apple gazillionaires 25 - 44 years old who are propping up the market.
I know a guy in CA that says his street in 50% rentals owed by Chinese nationals. The Chinese are speculating in CA real estate.
Read the column.