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Prices are directly related to incomes and rents, adjusting for inflation.
If the Chi-coms are buying up bay area RE, that will only last until their Japan-style bubble economy goes belly-up.
Remember when everyone was freaking out about the Japs buying up RE in the US? How'd that turn out?
there are many wealthy foreign people who come in and buy in SF. That is fact.
Then what percentage of all buyers is it?
I don't think NeverTrustRealtors/69Charger/RealtorsAreLiars has any data. But he/she is entertaining.
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http://www.cnbc.com/id/46641784
#housing