Indeed. Nice job @mlevinreports! Now this is where I think the Legislature could make a concrete difference for Californians fast, and that is a tax on foreign home purchases, a la Vancouver. I realize it gets mixed reviews, but both sides agree it does slow outside speculation.
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This is happening in London too. Mainly Chinese, Russian and Saudi cash. Sad for local families who cannot afford to buy. Even rents are too high
Thanks. Twitter will use this to make your timeline better. UndoUndo
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