Chinese was my first thought . Man I’ll tell ya , for the past 20 years it was nearly impossible for an average American to buy a nice house in an affluent neighborhood here in southern Cali . No exaggeration, Chinese buyer would come in with cash, hundreds of thousands over asking price , or just cash for asking price, one way or another they bought up nearly all of Carmel valley, delmar area, Torrey hills etc . 99 percent were rented out or sat empty . Crazy !
Excluding the Chinese FFS.
Chinese was my first thought . Man I’ll tell ya , for the past 20 years it was nearly impossible for an average American to buy a nice house in an affluent neighborhood here in southern Cali . No exaggeration, Chinese buyer would come in with cash, hundreds of thousands over asking price , or just cash for asking price, one way or another they bought up nearly all of Carmel valley, delmar area, Torrey hills etc . 99 percent were rented out or sat empty . Crazy !
India too while we're at it