LogFAQs > #898696704

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Topic49% of Californians plan to leave the state soon.
pikachupwnage
03/29/18 8:52:05 AM
#145:


GreatEvilEmpire posted...
Kombucha posted...
i wonder if something like this would be enough to drive real estate prices down in california.


It won't. The main reason... Chinese buyers.

The only way to get the real estate market under control in California is to block all foreign buyers without residency from buying property.


That really should be a thing in the first place. What property wealthy Chinese people want to buy should have no bearing on the housing market. Housing market is fucked enough as it is. We really dont need extra complications from people who dont even live here.
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