SF Bay area R.E. brokers cleaning up

Sep 2017
1,349
719
Hell
#21
So? Now people that always want to live in SF but didn't think they could afford to own a home there can move in and snap up some bargains.
SWEET!!!
In your dreams. In SF and the immediate Bay Area, nearly every home sells for a lot more than what it is listed for due to bid wars. Many of the bidders are not citizens or even immigrants, the're ghost bidders from China that already have an "American" anchor baby should they need to leave China in a hurry.
 
Likes: Sabcat
Sep 2018
5,666
946
cleveland ohio
#22
In your dreams. In SF and the immediate Bay Area, nearly every home sells for a lot more than what it is listed for due to bid wars. Many of the bidders are not citizens or even immigrants, the're ghost bidders from China that already have an "American" anchor baby should they need to leave China in a hurry.
supply and demand that shoud tell you something about how dying calif is and what is with this demonizing of immigrants? e tu brute?
 
Sep 2017
1,349
719
Hell
#23
supply and demand that shoud tell you something about how dying calif is and what is with this demonizing of immigrants? e tu brute?
It is not demonizing, it is stating facts. Many of the buyers are NOT immigrants and may never even migrate, ever. The whole point of the Chinese birth tourism trade is based on their own paranoia of needing an escape plan from China. Pregnant woman comes here to give birth on US soil, then leave with new American back in tow to China. The anchor baby is a ticket to America if they need to flee China fast. They made illicit millions playing shell games with overly inflated properties that were shoddily built and are crumbling before they are even occupied in the many ghost cities of China.

The demand is falsely created by too much regulations that cause building homes in California - especially in the Bay Area - to be much more costly and timely than in other states.
 
Likes: Sabcat
Dec 2013
31,089
18,646
Beware of watermelons
#24
It is not demonizing, it is stating facts. Many of the buyers are NOT immigrants and may never even migrate ever. The whole point of the Chinese birth tourism trade is based on their own paranoia of needing an escape plan from China. Pregnant woman comes here to give birth on US soil, then leave. The anchor baby is a ticket to America if they need to flee China fast. They made illicit millions playing shell games with overly inflated properties that were shoddily built and are crumbling before they are even occupied in the many ghost cities of China.

The demand is falsely created by too much regulations that cost building homes in California - especially in the Bay Area - to be much more costly and timely than in other states.

Check this out. The crazy regulations and city council won't let this guy build residential units on his own building. Because reason. Callifornia.

Then there are the "Chinese cities" in Canada. They are doing this all over the world. Some African nations are kicking them out.

China has been inflating its currency fir years. Then using this inflated currency ti buy tangible assets world wide. Specifically land and gold.

The move to dump USD has already started.
 
Sep 2018
5,666
946
cleveland ohio
#25
It is not demonizing, it is stating facts. Many of the buyers are NOT immigrants and may never even migrate, ever. The whole point of the Chinese birth tourism trade is based on their own paranoia of needing an escape plan from China. Pregnant woman comes here to give birth on US soil, then leave with new American back in tow to China. The anchor baby is a ticket to America if they need to flee China fast. They made illicit millions playing shell games with overly inflated properties that were shoddily built and are crumbling before they are even occupied in the many ghost cities of China.

The demand is falsely created by too much regulations that cause building homes in California - especially in the Bay Area - to be much more costly and timely than in other states.
sure it is
 
Sep 2015
13,238
4,895
Brown Township, Ohio
#26
Sep 2017
1,349
719
Hell
#27
Let me try this again for those with reading comprehension issues or brain block:
No one is talking about immigrants. I am pointing out that many of the homes here are BOUGHT BY PEOPLE WHO ARE NOT CITIZENS NOR IMMIGRANTS. Many of these homes bought are not occupied nor rented out, which is worsening the housing shortages on top of the expensive and complicated red tape required to build here.
 
Jun 2018
3,366
819
South Dakota
#28
Check this out. The crazy regulations and city council won't let this guy build residential units on his own building. Because reason. Callifornia.

Then there are the "Chinese cities" in Canada. They are doing this all over the world. Some African nations are kicking them out.

China has been inflating its currency fir years. Then using this inflated currency ti buy tangible assets world wide. Specifically land and gold.

The move to dump USD has already started.
Remember when the Japanese bought Pebble Beach? They were buying up everything in sight. They subsequently lost their collective patoots later
 

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