- Jan 29, 2019
- Reaction score
- Political Leaning
Ohh I know...Of its definitely hurting those who have lived here all their life... They get all excited when they here what the house that bought for $200K 20 years ago will sell for.... until they find out that if they are buying in the same market they will be PAYING that for a new home...
By the way I found the link and posted it as an edit to the post your quoted
And I checked TX population density is still 101 people/ square mile compared to CA's 246/square mile.
But I think, that perhaps TX has something that it will help in the long run. It is not an attractive destination for European and Asian wealthy foreigners who still prefer the CA "lifestyle" and are willing to invest a lot of money in the CA housing market. My area is near Stanford, and there was no way that you could buy a house or apartment here without paying in cash. I am talking about 1.4 million in cash for a medium size apartment. Up at least the CV pandemic, foreign investments, especially from upper income Chinese nationals was a big factor for the increased demand and housing prices in the area.