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

Reply to comment by navit47 in San Diego's new housing policies aim to boost racial integration, reverse lingering effects of redlining by FragWall

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