Anything under a million is usually called a “ starter home”. Or a “ fixer- upper special “ if it’s a dog. The nice houses that you’d like to live in, not necessary luxurious or very large, can go much higher than two million in a number of decent to good areas. Realtors advise that mostly Chinese bidders can often compete against each other so that our commie friends are giving themselves a high priced. Costly introduction to the operation of a free market as they buy up most of the housing. .
“Realtors advise that mostly Chinese bidders can often compete against each other so that our commie friends are giving themselves a high priced. Costly introduction to the operation of a free market as they buy up most of the housing. .”
Let them buy. They will find out that what goes up, will come down. The Chinese don’t like the Japanese, but they should take a look at how California real estate screwed the Japanese wealthy a decade or two ago. It’s a good way to get our money back from the little bastards.