weak attempt to bring real estate prices back from the stratosphere
It’s funny to me, as a native, that people posting here and elsewhere love to flame on SF, are always on about people leaving CA, how crappy the quality of life is, yet if the free market means anything at all the high prices mean PEOPLE WITH MONEY WANT TO LIVE HERE. That means by definition it is highly valued:-)
Quite frankly, I haven’t seen many posts relating to California demographics on FR that aren’t both insanely ignorant and logically tortured. It’s not the illegals, it’s not the homeless (to hell with both, personally), it’s the people with money from around the rest of the world. I have no problem with any of my newer Italian or Chinese neighbors; if they can plunk down $750K for a 1200 square foot 2bd 1ba on a 1/10th acre lot, God Bless them and the USA; this tells me more about how rational people see this area than mouth breathing comments about ‘commiefornia’ or such; the opinions of people who don’t live here mean as much to me as Mother Jones opining on Donald Trump- good for a laugh.
I now live 60 miles north, in the wine country; the house my parents bought for $17.5K is now worth about $600K; go ahead, let people without a clue rant about how bad it is here, but any freepers who want to drop by might get dragged out to the countryside for some wine tasting.
Not that I think CA couldn’t lose 10 million people and be better, but then the planet could do with about 4 billion fewer humans in my opinion (but then I’m highly misanthropic).