CA Counties by Feb 2020 Median Home Price; OC nears $1M, San Mateo nears $2M (Fresno: apartment, houses)

[dsb1067]

At least from what I've seen in the Bay Area, many people seem to be buying second homes locally (within a couple of hours drive), as a vacation get-away/remote work location.

[18Montclair]

Originally Posted by As Above So Below...

Well, we know who is moving into the Bay Area and who is leaving. We know that they are getting tons of new residents from India and China and American born residents are declining. There is no way that isnt part of the equation.

Yes they are probably somewhat of a factor, after all, about one third of the Bay Area is foreign born and the region has the longest history with China of any city in the Americas, however, data of movement out of and within the region show that locals are by far the overwhelming majority of buyers.
https://www.city-data.com/forum/cali...nly-3-7-a.html

% of movers who relocated out-of-state
6% San Francisco
5% Santa Clara
2% Alameda
2% Contra Costa
1% Marin
1% San Mateo

% of movers who relocated elsewhere in CA
37% Santa Clara
24% Alameda
19% Contra Costa
13% San Francisco
7% Marin
7% San Mateo

% of movers who relocate within 9-county Bay Area
92% San Mateo
91% Marin
81% San Francisco
79% Contra Costa
74% Alameda
58% Santa Clara

[semispherical]

$1.4M median home price in Mono County? Is it all Mammoth Lakes RE?

[Bill the Butcher]

Originally Posted by semispherical

$1.4M median home price in Mono County? Is it all Mammoth Lakes RE?

No doubt. I had to google the county lines. Bishop is just south of Mono County. It falls in Inyo County.

[BobPhipps]

I would love to see the Peninsula area keep climbing and eventually get to $3 million. The higher the better.

[BobPhipps]

Originally Posted by roadwarrior101

I thought the Bay Area was a tolerant place

Don't know where you ever got that idea.

[Dave Coe]

Originally Posted by roadwarrior101

The difference is that the Bay Area has a real economy to support these ridiculous prices, whereas Vancouver is just speculation on offshoring money from Hong Kong expats. Whether people want to admit this or not, there are plenty of folks flush with cash who can afford these prices and the pandemic has only increased their wealth (mostly in the form of stock).

This doesn't change the fact that the Bay Area housing market remains out of reach for most and the wealth divide is only increasing. However, you cannot ignore how much wealth is being created here, especially in the tech sector.

Vancouver is also much more YIMBY with construction cranes and new high-rises everywhere but yeah both have the same issue with foreign speculators.

[TealD]

Originally Posted by roadwarrior101

Wow, the veiled racism on this board knows no bounds. I thought the Bay Area was a tolerant place, but this stuff has come out of the woodwork since 2016.

I have been advocating for immigration reform before trump ever since I picked up books about the decline of Detroit and automation since around 2010. The U.S. hasn’t needed massive immigration for quite sometime. We also put no clauses on where they need to relocate to. Just more of the same areas other immigrants chose to go and they follow.

[Dave Coe]

Originally Posted by TealD

Yayyy! Now all of the Bay Area can look like San Jose, can’t wait.

On a serious note our government hasn’t done anything to stop foreigners buying homes here yet? I can understand allowing foreigners the chance to develop places to sell off or rent but this **** has gone to far.

With joe Biden at the helm I am sure we will have to keep dealing with unfettered immigration. I imagine he will repeal the h1b1 changes Trump installed as well. This is way out of hand.

I expect Indian immigration to increase this decade, especially under Biden or Kamala. Hard to say if they'll all come to the Bay Area. Recent h1bs are more likely to move to cheaper cities like Dallas, especially with remote work.

The Chinese are increasingly viewing America as less desirable and are getting the message from the media, their media and America's that there is a big wave of anti-Chinese racism.

[Dave Coe]

Originally Posted by 18Montclair

Oh please, Id rather have educated and highly skilled immigrants who contribute way more than jerk natives who sit around all day complaining about how less white the US is these days-they cant move out fast enough as far as Im concerned. Idaho awaits yall. Bye!

Liberals channeling their inner cutthroat capitalist social Darwinism.