navit47 t1_jch92kl wrote on March 16, 2023 at 8:31 PM

Reply to comment by vasya349 in San Diego's new housing policies aim to boost racial integration, reverse lingering effects of redlining by FragWall

we're aren't looking at housing on a national scale though, even then 2% is pretty high

vasya349 t1_jchjswq wrote on March 16, 2023 at 9:42 PM

Feel free to find data for San Diego specifically. This weird myth that foreign buyers are influencing prices has been disproven by research in both Australia and Canada, I doubt it’s different here. Prices are bad because there’s undersupply and domestic investment groups capitalizing on that.

navit47 t1_jchtbl5 wrote on March 16, 2023 at 10:46 PM

I'm not the one making the claim, its not my perogative to, also again, Australia/Canada doesn't apply to California

vasya349 t1_jchw1hp wrote on March 16, 2023 at 11:04 PM

I hope you understand you are making a claim, in saying that california is different from national statistics. In any scenario this article says it’s 3% according to the california association of realtors: https://infogram.com/international-buyers-in-california-1h1749ngpedd2zj