Posted on 12/04/2023 6:37:48 AM PST by Kaiser8408a
I am no re expert. Never have owned a home.
But in SF we have a large very large Chinese population and I think a lot of the real estate is propped up by them/friends/relatives needing a place to park their wealth.
Detroit is an example of a single industry collapse, which is what I mentioned for a small town... except in Detroits sake it was a large city that had grown around 1 singular industry without diversifying... when that industry tanked, the town went with it.
Add to that the riots that triggered the white flight, and the election of anti white racist mayors by those left behind who did nothing to encourage good will or cooperation with the suburbs... and you get the fiasco that was what happened to Detroit.
Paradise Nevada info:
https://www.neighborhoods.com/blog/what-is-the-difference-between-las-vegas-and-paradise-nevada
Where the dogs have to watch out from stepping in human sh!t.
Nope.
Once the price goes below a certain level, chinese will start buying in SF.
Just pointing out that regardless of the overall market, there are still places people want to move to and move from. The market prices and inventory will always prove that out.
The Chinese already have the best parts they want just low end things left.
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