I know personally so many people who have left to go to Texas and Florida (I am so jealous.. just biding my time til I can work remote 100% of the time) yet California housing is so astonishingly insanely overpriced still. Like.. who in the fuck is buying these 1 million dollar piles of shit houses for 2 million? any decent 2 bed/2 bath apartment is $3000+ and a house with a yard thats decent is around 5k/month. If this was just inflation times I wouldnt be surprised since Cali has always been pricey so accounting for inflation is going to jack that way up, but knowing how many people are leaving here, WHO IS PAYING THAT? all the kids who moved here to bEcOmE a sTaR have moved back home during the pandemic, locals leaving en masse, people working remote for a Cali company and able to leave to work remote full time. I just.. dont get it.
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This is possible, a different theory I've had is the Chinese are buying them all up so that they can make North Americans homeless. A sort of soft invasion. The west coast is absolutely overrun with Chinese "immigrants" with a lot of money, buying up real estate like it is going out of style.
The Chinese are running some kind of cryptocurrency scam, too. I believe the CCP banned crypto among its citizens, so Chinese scammers are reaching out to Americans like myself who have done business through places like Alibaba. I haven't bothered to see what the scam is about because I can smell that BS right away.