patrick.net

ahhh peter,
The "party of tolerance" speaks.

@tannenbaum,

Good points on CA net outmigration vs. housing supply. Another thing to consider is how much of the state's 300,000 net annual population growth (almost entirely due immigrantion, mostly illegal, as well as children born to immigrants) is really "in the market" for housing in the conventional sense. Despite the fact that many of the banks are now pitching NAAVLPs to illegals, it's not as if a high % of these people are lining up to buy right now. A big problem in lot of marginal neighborhoods right now is overcrowding, where you have 5-10 people per bedroom. This is how your typical day laborer "affords" a house or rental unit in SoCal --I see this all the time, first-hand.

But that’s SoCal. I’m not convince that SF Bay Area has the same illegal/undocumented problem that SoCal does - or at least to the same scope.

In prime areas in & around the Peninsula, perhaps not. Though, I bet there's plenty of this going on in the outer burbs/East Bay --and especially in the Central Valley.