as someone just suggested, sell now, buy a yurt or a tent, and in 2-3 years you can buy your own house back at 40% less than value.
Like all bubbles, ..this one will burst, maybe a little bit longer due to inflation/ stagflation.
Not at all sure this happens on the Left Coast (minus Portland), without an unwinding of the commercial real estate mortgate market which I have written about here.
Do you have any idea of what California's mass depopulation would be like if there weren't 2 chinamen taking his place? China, like every other evil in the world, is behind this bidding war in the most premium neighborhoods in Kali.
China, surprisingly, is not hard to leave (albeit we will see literally hundreds of forced 'repatriations' for the rest of this decade until war breaks open). Forcing mainland law on HK was the tipping point.