Tons of moneys been flooding in from communist China. For years. It appears to be 30
Plus percent in some areas. Results in higher housing prices
The Saudi Royal family owns more of London than the royal family. (by a huge margin)
Chinese have some of the blame, but the influx of techie Californians has distorted the market around here. So between the Californians, the Indians, the Chinese and the international bankers, real Americans can’t afford to buy houses in this area.