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California

Auggie

(32,048 posts)

8. Too many rich people. Too many greedy investors.

Reply to Zorro (Original post)

Thu Jul 4, 2024, 12:20 PM

Jul 2024

Private equity investment, foreign investment, REITs

Add in diminishing resources, inflated construction and materials costs

And there's just not enough buildable land. Low supply raises prices.

We want housing, but we also want views, protected lands, wildlife corridors, open spaces.

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quaint Susan Calvin

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Highlight:

The price of a San Diego home crosses $1 million for the first time [View all] Zorro Jul 2024 OP

and you wonder why we have homelessness. AllaN01Bear Jul 2024 #1

Can you imagine buying your home in the 1970's and having a house now worth a million? jimfields33 Jul 2024 #2

I worry about young, first-time home buyers, who dont have a home to sell. 70sEraVet Jul 2024 #3

Live in California's beautiful Central Valley usonian Jul 2024 #4

I live in middle TN, on the KY border 70sEraVet Jul 2024 #5

Well California may not be the best place for them. jimfields33 Jul 2024 #6

It's the jobs, the very low summer humidity and mild winters. usonian Jul 2024 #7

After being acclimatized to living in near perfect weather for, what, 50 years where are you going to live... Tikki Jul 2024 #9

I definitely met moving out of California. jimfields33 Jul 2024 #10

Too many rich people. Too many greedy investors. Auggie Jul 2024 #8

My neighbors get tons of offers to sell for cash BigmanPigman Jul 2024 #11