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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Not everything relates to your prop 13 vendetta. They invest here because they know rents and values will only increase - and security
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Domg. When you have capped taxes forever and capture virtually all gains, it becomes a great place to park, speculate w capital
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Many care less about cost and income so leave empty - it's security - the Bank of San Francisco
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Yes, from what I read the other day (pretty sure it was WSJ) for Chinese investors it's much safer than the Chinese stock market.
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