While the working class and young face an unprecedented housing crisis, an entire generation is technically overhoused. https://twitter.com/ByRosenberg/status/887720758281027584 …
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really? where's the back up for these sweeping assertions? what I've read - real estate is mostly a good place to park cash.
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California real estate is an especially good place to park cash, because of its property tax & zoning laws.
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and they know there will never be a viable political constituency to change that. A great place to park cash!
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that's what foreign buyers are doing. As for CA owners,their home is a lot more than that. it's their community & friends. it's emotional.
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