Current Events > How does California have an economy with all these $500,000 homes?

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P4wn4g3 06/28/18 12:02:01 PM #1:	What a joke. --- Hive Mind of Dark Aether, the unofficial Metroid Social Private board. https://www.gamefaqs.com/boards/851-dark-aether <cite>P4wn4g3 posted [p:904124732] in How does C... [t:76758516]...</cite> <quote>What a joke.</quote> ... Copied to Clipboard!
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Balrog0 06/28/18 12:02:54 PM #3:	the homes are that expensive (partially) because of the economy --- It's one more thing we do to the poor, the deprived: cut out their tongues . . . allow them a language as lousy as their lives <cite>Balrog0 posted [p:904124769] in How does C... [t:76758516]...</cite> <quote>the homes are that expensive (partially) because of the economy</quote> ... Copied to Clipboard!
P4wn4g3 06/28/18 12:05:34 PM #4:	That's an average state price. Average silicon Valley price is closer to 800k. Are you telling me there are no Starbucks employees there? --- Hive Mind of Dark Aether, the unofficial Metroid Social Private board. https://www.gamefaqs.com/boards/851-dark-aether <cite>P4wn4g3 posted [p:904124906] in How does C... [t:76758516]...</cite> <quote>That's an average state price. Average silicon Valley price is closer to 800k. Are you telling me there are no Starbucks employees there?</quote> ... Copied to Clipboard!
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stone 06/28/18 12:09:50 PM #6:	JustMyOpinion posted... P4wn4g3 posted... That's an average state price. Average silicon Valley price is closer to 800k. Are you telling me there are no Starbucks employees there? They probably don't own homes. They all share the same studio above the Starbucks. --- PONG WAS REAL? I thought that was just a story parents told kids to scare them <cite>stone posted [p:904125136] in How does C... [t:76758516]...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote><cite>P4wn4g3 posted...</cite> <quote>That's an average state price. Average silicon Valley price is closer to 800k. Are you telling me there are no Starbucks employees there?</quote> They probably don't own homes.</quote> They all share the same studio above the Starbucks.</quote> ... Copied to Clipboard!
P4wn4g3 06/28/18 12:10:53 PM #7:	JustMyOpinion posted... P4wn4g3 posted... That's an average state price. Average silicon Valley price is closer to 800k. Are you telling me there are no Starbucks employees there? They probably don't own homes. Neither do millionaires, because a millionaire can't simply drop a huge portion of their net worth on a house that would be worth a fraction of its value literally anywhere else, and also will only lose value from this point on. --- Hive Mind of Dark Aether, the unofficial Metroid Social Private board. https://www.gamefaqs.com/boards/851-dark-aether <cite>P4wn4g3 posted [p:904125206] in How does C... [t:76758516]...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote><cite>P4wn4g3 posted...</cite> <quote>That's an average state price. Average silicon Valley price is closer to 800k. Are you telling me there are no Starbucks employees there?</quote> They probably don't own homes.</quote> Neither do millionaires, because a millionaire can't simply drop a huge portion of their net worth on a house that would be worth a fraction of its value literally anywhere else, and also will only lose value from this point on.</quote> ... Copied to Clipboard!
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KamenRiderBlade 06/28/18 12:12:13 PM #9:	Rich Chinese and Foreign influx of money along with Rich Liberals and Old Money still in power. Look at the demographic changes over time in the big cities along with the "White Flight". --- Are you a MexiCAN or a MexiCAN'T - Johnny Depp '*Once Upon A Time in Mexico*' <cite>KamenRiderBlade posted [p:904125295] in How does C... [t:76758516]...</cite> <quote>Rich Chinese and Foreign influx of money along with Rich Liberals and Old Money still in power. Look at the demographic changes over time in the big cities along with the "White Flight".</quote> ... Copied to Clipboard!
Balrog0 06/28/18 12:12:56 PM #10:	stone posted... JustMyOpinion posted... P4wn4g3 posted... That's an average state price. Average silicon Valley price is closer to 800k. Are you telling me there are no Starbucks employees there? They probably don't own homes. They all share the same studio above the Starbucks. only if they've lived there for decades or were lucky enough to apply for a rent controlled unit literally the minute someone living there died otherwise they probably just commute from fuckin' merced or something --- It's one more thing we do to the poor, the deprived: cut out their tongues . . . allow them a language as lousy as their lives <cite>Balrog0 posted [p:904125337] in How does C... [t:76758516]...</cite> <quote><cite>stone posted...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote><cite>P4wn4g3 posted...</cite> <quote>That's an average state price. Average silicon Valley price is closer to 800k. Are you telling me there are no Starbucks employees there?</quote> They probably don't own homes.</quote> They all share the same studio above the Starbucks.</quote> only if they've lived there for decades or were lucky enough to apply for a rent controlled unit literally the minute someone living there died otherwise they probably just commute from fuckin' merced or something</quote> ... Copied to Clipboard!
stone 06/28/18 12:13:48 PM #11:	JustMyOpinion posted... P4wn4g3 posted... JustMyOpinion posted... P4wn4g3 posted... That's an average state price. Average silicon Valley price is closer to 800k. Are you telling me there are no Starbucks employees there? They probably don't own homes. Neither do millionaires, because a millionaire can't simply drop a huge portion of their net worth on a house that would be worth a fraction of its value literally anywhere else, and also will only lose value from this point on. Oh you can predict the housing market? Good to know. He's contradicting his own topic. By his "logic" the housing prices should be going down, not up, if they lose value from purchase day. They're houses, not cars. Houses take value, cars go down in value as soon as you roll out of the dealer. --- PONG WAS REAL? I thought that was just a story parents told kids to scare them <cite>stone posted [p:904125387] in How does C... [t:76758516]...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote><cite>P4wn4g3 posted...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote><cite>P4wn4g3 posted...</cite> <quote>That's an average state price. Average silicon Valley price is closer to 800k. Are you telling me there are no Starbucks employees there?</quote> They probably don't own homes.</quote> Neither do millionaires, because a millionaire can't simply drop a huge portion of their net worth on a house that would be worth a fraction of its value literally anywhere else, and also will only lose value from this point on.</quote> Oh you can predict the housing market? Good to know.</quote> He's contradicting his own topic. By his "logic" the housing prices should be going down, not up, if they lose value from purchase day. They're houses, not cars. Houses take value, cars go down in value as soon as you roll out of the dealer.</quote> ... Copied to Clipboard!
Darkman124 06/28/18 12:14:17 PM #12:	KamenRiderBlade posted... Rich Chinese and Foreign influx of money along with Rich Liberals and Old Money still in power. Look at the demographic changes over time in the big cities along with the "White Flight". mostly the former, yes. there's a lot of real estate that sits empty in these areas, bought as an investment asset by foreigners and held to sell later when values rise further. essence of bubble. --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. <cite>Darkman124 posted [p:904125416] in How does C... [t:76758516]...</cite> <quote><cite>KamenRiderBlade posted...</cite> <quote>Rich Chinese and Foreign influx of money along with Rich Liberals and Old Money still in power. Look at the demographic changes over time in the big cities along with the "White Flight".</quote> mostly the former, yes. there's a lot of real estate that sits empty in these areas, bought as an investment asset by foreigners and held to sell later when values rise further. essence of bubble.</quote> ... Copied to Clipboard!
KamenRiderBlade 06/28/18 12:15:54 PM #13:	Darkman124 posted... mostly the former, yes. there's a lot of real estate that sits empty in these areas, bought as an investment asset by foreigners and held to sell later when values rise further. essence of bubble. I know, some of my Chinese Clients own 4-5x homes that are priced over 1.5 million each. He only uses 1x home, the others are for asset holding and giant storage houses. All located behind "Gated Communities" --- Are you a MexiCAN or a MexiCAN'T - Johnny Depp '*Once Upon A Time in Mexico*' <cite>KamenRiderBlade posted [p:904125510] in How does C... [t:76758516]...</cite> <quote><cite>Darkman124 posted...</cite> <quote>mostly the former, yes. there's a lot of real estate that sits empty in these areas, bought as an investment asset by foreigners and held to sell later when values rise further. essence of bubble.</quote>I know, some of my Chinese Clients own 4-5x homes that are priced over 1.5 million each. He only uses 1x home, the others are for asset holding and giant storage houses. All located behind "Gated Communities"</quote> ... Copied to Clipboard!
Darkman124 06/28/18 12:16:34 PM #14:	KamenRiderBlade posted... Darkman124 posted... mostly the former, yes. there's a lot of real estate that sits empty in these areas, bought as an investment asset by foreigners and held to sell later when values rise further. essence of bubble. I know, some of my Chinese Clients own 4-5x homes that are priced over 1.5 million each. He only uses 1x home, the others are for asset holding and giant storage houses. All located behind "Gated Communities" a bizarre choice, really, given maintenance costs. --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. <cite>Darkman124 posted [p:904125553] in How does C... [t:76758516]...</cite> <quote><cite>KamenRiderBlade posted...</cite> <quote><cite>Darkman124 posted...</cite> <quote>mostly the former, yes. there's a lot of real estate that sits empty in these areas, bought as an investment asset by foreigners and held to sell later when values rise further. essence of bubble.</quote>I know, some of my Chinese Clients own 4-5x homes that are priced over 1.5 million each. He only uses 1x home, the others are for asset holding and giant storage houses. All located behind "Gated Communities"</quote> a bizarre choice, really, given maintenance costs.</quote> ... Copied to Clipboard!
Balrog0 06/28/18 12:17:08 PM #15:	Darkman124 posted... there's a lot of real estate that sits empty in these areas, bought as an investment asset by foreigners and held to sell later when values rise further. California has had the lowest vacancy rate of any state for years now. Though that could obscure more local variations, it's tough to square with the idea that there is a ton of venture capital/foreign capital eating up housing --- It's one more thing we do to the poor, the deprived: cut out their tongues . . . allow them a language as lousy as their lives <cite>Balrog0 posted [p:904125596] in How does C... [t:76758516]...</cite> <quote><cite>Darkman124 posted...</cite> <quote>there's a lot of real estate that sits empty in these areas, bought as an investment asset by foreigners and held to sell later when values rise further. </quote> California has had the lowest vacancy rate of any state for years now. Though that could obscure more local variations, it's tough to square with the idea that there is a ton of venture capital/foreign capital eating up housing</quote> ... Copied to Clipboard!
voldothegr8 06/28/18 12:19:34 PM #16:	The poverty line in SF for a family of four is $117,000 and somewhere in the $70k-$80k range for a single person. I'm not sure how that's sustainable either. --- Oda break tracker 2018- 3 (2) \| THE Ohio State: 11-2 \| Oakland Raiders: 6-10 Super Mario Maker Profile: 1237-0000-0073-02FE <cite>voldothegr8 posted [p:904125727] in How does C... [t:76758516]...</cite> <quote>The poverty line in SF for a family of four is $117,000 and somewhere in the $70k-$80k range for a single person. I'm not sure how that's sustainable either.</quote> ... Copied to Clipboard!
Darkman124 06/28/18 12:19:42 PM #17:	Balrog0 posted... Darkman124 posted... there's a lot of real estate that sits empty in these areas, bought as an investment asset by foreigners and held to sell later when values rise further. California has had the lowest vacancy rate of any state for years now. Though that could obscure more local variations, it's tough to square with the idea that there is a ton of venture capital/foreign capital eating up housing it's much worse in manhattan, but in general foreign venture capital isn't messing with tract house neighborhoods but rather ultra-luxury condos, so that wouldnt register hard on the vacancy rate but it would essentially remove a ceiling for prices --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. <cite>Darkman124 posted [p:904125736] in How does C... [t:76758516]...</cite> <quote><cite>Balrog0 posted...</cite> <quote><cite>Darkman124 posted...</cite> <quote>there's a lot of real estate that sits empty in these areas, bought as an investment asset by foreigners and held to sell later when values rise further. </quote> California has had the lowest vacancy rate of any state for years now. Though that could obscure more local variations, it's tough to square with the idea that there is a ton of venture capital/foreign capital eating up housing</quote> it's much worse in manhattan, but in general foreign venture capital isn't messing with tract house neighborhoods but rather ultra-luxury condos, so that wouldnt register hard on the vacancy rate but it would essentially remove a ceiling for prices</quote> ... Copied to Clipboard!
KamenRiderBlade 06/28/18 12:20:05 PM #18:	Darkman124 posted... a bizarre choice, really, given maintenance costs. You have no idea how loaded he is. Some of my Clients are so loaded, that 1x of them is a CEO of a big Chinese American Medical Supplies Company and can literally summon the lead singer in the LA opera to sing at his house party whenever he wants. He has her on his "Contacts" since he's a patron of the Opera. Talk about filthy Rich. His house is a Super Tall 1x Story Mini White House. --- Are you a MexiCAN or a MexiCAN'T - Johnny Depp '*Once Upon A Time in Mexico*' <cite>KamenRiderBlade posted [p:904125761] in How does C... [t:76758516]...</cite> <quote><cite>Darkman124 posted...</cite> <quote>a bizarre choice, really, given maintenance costs.</quote>You have no idea how loaded he is. Some of my Clients are so loaded, that 1x of them is a CEO of a big Chinese American Medical Supplies Company and can literally summon the lead singer in the LA opera to sing at his house party whenever he wants. He has her on his "Contacts" since he's a patron of the Opera. Talk about filthy Rich. His house is a Super Tall 1x Story Mini White House.</quote> ... Copied to Clipboard!
KamenRiderBlade 06/28/18 12:21:26 PM #19:	voldothegr8 posted... The poverty line in SF for a family of four is $117,000 and somewhere in the $70k-$80k range for a single person. I'm not sure how that's sustainable either. It's not. SF will become a City for ONLY the Rich who makes $150,000 or more per year. --- Are you a MexiCAN or a MexiCAN'T - Johnny Depp '*Once Upon A Time in Mexico*' <cite>KamenRiderBlade posted [p:904125845] in How does C... [t:76758516]...</cite> <quote><cite>voldothegr8 posted...</cite> <quote>The poverty line in SF for a family of four is $117,000 and somewhere in the $70k-$80k range for a single person. I'm not sure how that's sustainable either.</quote>It's not. SF will become a City for ONLY the Rich who makes $150,000 or more per year.</quote> ... Copied to Clipboard!
Sariana21 06/28/18 12:23:44 PM #20:	Where in Silicon Valley is the average $800k?! More like over a million. --- ___ Sari, Mom to DS (07/04) and DD (01/08) <cite>Sariana21 posted [p:904125996] in How does C... [t:76758516]...</cite> <quote>Where in Silicon Valley is the average $800k?! More like over a million.</quote> ... Copied to Clipboard!
Darkman124 06/28/18 12:25:39 PM #21:	KamenRiderBlade posted... You have no idea how loaded he is. i get that. it just seems...unlikely to produce a superior ROI versus just buying shares of a REIT. --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. <cite>Darkman124 posted [p:904126090] in How does C... [t:76758516]...</cite> <quote><cite>KamenRiderBlade posted...</cite> <quote>You have no idea how loaded he is. </quote> i get that. it just seems...unlikely to produce a superior ROI versus just buying shares of a REIT.</quote> ... Copied to Clipboard!
KamenRiderBlade 06/28/18 12:26:34 PM #22:	Darkman124 posted... i get that. it just seems...unlikely to produce a superior ROI versus just buying shares of a REIT. Hey, I don't get to decide what these Wealthy guys do with their money. I'm just telling you how they spend it. --- Are you a MexiCAN or a MexiCAN'T - Johnny Depp '*Once Upon A Time in Mexico*' <cite>KamenRiderBlade posted [p:904126148] in How does C... [t:76758516]...</cite> <quote><cite>Darkman124 posted...</cite> <quote>i get that. it just seems...unlikely to produce a superior ROI versus just buying shares of a REIT.</quote>Hey, I don't get to decide what these Wealthy guys do with their money. I'm just telling you how they spend it.</quote> ... Copied to Clipboard!
Romes187 06/28/18 12:30:34 PM #23:	As someone who has lived in California for 30 years, and as someone who works as a consultant for real estate companies, and as someone who has access to big data on pretty much all of CA 500k is cheap and will get you a garbage house in most metropolitan areas I just used our system to look up all of San Jose's 220k properties... 980k median / 1.07m average sale price. Usually the median ends up being slightly lower as a few crazily expensive houses tend to drive up the average a bit Average days on market? 17....and I do know from working up in the bay area quite a bit over the last half a year that many are cash sales Obviously this is the extreme case but I just moved out of a 1000 sq ft home that is worth about 510k and moved an hour north to a 2000 sq ft home that is worth about 450k hah. I have to fight traffic for about 2 hours a day now, but its worth it. <cite>Romes187 posted [p:904126351] in How does C... [t:76758516]...</cite> <quote>As someone who has lived in California for 30 years, and as someone who works as a consultant for real estate companies, and as someone who has access to big data on pretty much all of CA 500k is cheap and will get you a garbage house in most metropolitan areas I just used our system to look up all of San Jose's 220k properties... 980k median / 1.07m average sale price. Usually the median ends up being slightly lower as a few crazily expensive houses tend to drive up the average a bit Average days on market? 17....and I do know from working up in the bay area quite a bit over the last half a year that many are cash sales Obviously this is the extreme case but I just moved out of a 1000 sq ft home that is worth about 510k and moved an hour north to a 2000 sq ft home that is worth about 450k hah. I have to fight traffic for about 2 hours a day now, but its worth it.</quote> ... Copied to Clipboard!
Lordgold666 06/28/18 12:30:59 PM #24:	stone posted... JustMyOpinion posted... P4wn4g3 posted... That's an average state price. Average silicon Valley price is closer to 800k. Are you telling me there are no Starbucks employees there? They probably don't own homes. They all share the same studio above the Starbucks. lol --- 3DS: 1848-2391-0198 "May the Father of Understanding guide us" <cite>Lordgold666 posted [p:904126377] in How does C... [t:76758516]...</cite> <quote><cite>stone posted...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote><cite>P4wn4g3 posted...</cite> <quote>That's an average state price. Average silicon Valley price is closer to 800k. Are you telling me there are no Starbucks employees there?</quote> They probably don't own homes.</quote> They all share the same studio above the Starbucks.</quote> lol</quote> ... Copied to Clipboard!
Balrog0 06/28/18 12:38:13 PM #25:	Romes187 posted... I have to fight traffic for about 2 hours a day now, but its worth it. false ~~lol nah that sucks you have such a long commute though~~ --- It's one more thing we do to the poor, the deprived: cut out their tongues . . . allow them a language as lousy as their lives <cite>Balrog0 posted [p:904126760] in How does C... [t:76758516]...</cite> <quote><cite>Romes187 posted...</cite> <quote> I have to fight traffic for about 2 hours a day now, but its worth it.</quote> false lol nah that sucks you have such a long commute though</quote> ... Copied to Clipboard!
Romes187 06/28/18 12:41:42 PM #26:	Balrog0 posted... Romes187 posted... I have to fight traffic for about 2 hours a day now, but its worth it. false ~~lol nah that sucks you have such a long commute though~~ Well its an hour in the morning and an hour in the afternoon..I work from home 2 days a week (sometimes 3) so that cuts a lot of it out But honestly I enjoy it sometimes. I put on a book on tape or a podcast, and I can just sit and veg. The rest of my life is hectic as my job is pretty much go go go and when I get home then its time to cook (I usually grill us something for dinner) and take care of the baby which is non stop as well So my hour breaks are sometimes nice....other times, like when there was a semi that wrecked on the freeway and it took me 4 hours to get home (finally opened the door at 1030 PM) I want to kill myself...but I had Dan Carlin's Rome Hardcore History to keep me entertained (highly recommended) <cite>Romes187 posted [p:904126949] in How does C... [t:76758516]...</cite> <quote><cite>Balrog0 posted...</cite> <quote><cite>Romes187 posted...</cite> <quote> I have to fight traffic for about 2 hours a day now, but its worth it.</quote> false lol nah that sucks you have such a long commute though</quote> Well its an hour in the morning and an hour in the afternoon..I work from home 2 days a week (sometimes 3) so that cuts a lot of it out But honestly I enjoy it sometimes. I put on a book on tape or a podcast, and I can just sit and veg. The rest of my life is hectic as my job is pretty much go go go and when I get home then its time to cook (I usually grill us something for dinner) and take care of the baby which is non stop as well So my hour breaks are sometimes nice....other times, like when there was a semi that wrecked on the freeway and it took me 4 hours to get home (finally opened the door at 1030 PM) I want to kill myself...but I had Dan Carlin's Rome Hardcore History to keep me entertained (highly recommended)</quote> ... Copied to Clipboard!
P4wn4g3 06/28/18 12:56:45 PM #27:	So realistically speaking then Cali is just a plaything for the filthy rich? I've been there, I know regular people live there. I just can't fathom how anyone who isn't as least a multi millionaire or more likely a billionaire could have a sustainable living there. --- Hive Mind of Dark Aether, the unofficial Metroid Social Private board. https://www.gamefaqs.com/boards/851-dark-aether <cite>P4wn4g3 posted [p:904127743] in How does C... [t:76758516]...</cite> <quote>So realistically speaking then Cali is just a plaything for the filthy rich? I've been there, I know regular people live there. I just can't fathom how anyone who isn't as least a multi millionaire or more likely a billionaire could have a sustainable living there.</quote> ... Copied to Clipboard!
Romes187 06/28/18 12:58:49 PM #28:	P4wn4g3 posted... So realistically speaking then Cali is just a plaything for the filthy rich? I've been there, I know regular people live there. I just can't fathom how anyone who isn't as least a multi millionaire or more likely a billionaire could have a sustainable living there. You can, you just can't save as much. There are shitty homes you can buy or most people rent or live in apartments I know they are building a SHIT TON of apartments near where I used to live...the 2 bedrooms still go for like $2300 a month lmao though they do have nice amenities...but I know I lived with roommates for quite some time then I met my wife and we were able to get a place together since we both work lot of people bought a while back and now have some equity / borrow against their house. But if you didn't buy even pre 2007, you missed out <cite>Romes187 posted [p:904127871] in How does C... [t:76758516]...</cite> <quote><cite>P4wn4g3 posted...</cite> <quote>So realistically speaking then Cali is just a plaything for the filthy rich? I've been there, I know regular people live there. I just can't fathom how anyone who isn't as least a multi millionaire or more likely a billionaire could have a sustainable living there.</quote> You can, you just can't save as much. There are shitty homes you can buy or most people rent or live in apartments I know they are building a SHIT TON of apartments near where I used to live...the 2 bedrooms still go for like $2300 a month lmao though they do have nice amenities...but I know I lived with roommates for quite some time then I met my wife and we were able to get a place together since we both work lot of people bought a while back and now have some equity / borrow against their house. But if you didn't buy even pre 2007, you missed out</quote> ... Copied to Clipboard!
southcoast09 06/28/18 1:00:50 PM #29:	When mass immigration (especially the refugee type) hits a well-off area, it becomes a ghost town of nice houses, completely untouched. You pay a million dollars for a house and the crime rate brings the value down to less than a quarter million. Eventually, people just cut their losses and move. --- Stand for the anthem or sit for the game! <cite>southcoast09 posted [p:904127996] in How does C... [t:76758516]...</cite> <quote>When mass immigration (especially the refugee type) hits a well-off area, it becomes a ghost town of nice houses, completely untouched. You pay a million dollars for a house and the crime rate brings the value down to less than a quarter million. Eventually, people just cut their losses and move.</quote> ... Copied to Clipboard!
P4wn4g3 06/28/18 1:07:26 PM #30:	southcoast09 posted... When mass immigration (especially the refugee type) hits a well-off area, it becomes a ghost town of nice houses, completely untouched. You pay a million dollars for a house and the crime rate brings the value down to less than a quarter million. Eventually, people just cut their losses and move. I guess you missed the part where people can't actually afford to moved there. --- Hive Mind of Dark Aether, the unofficial Metroid Social Private board. https://www.gamefaqs.com/boards/851-dark-aether <cite>P4wn4g3 posted [p:904128386] in How does C... [t:76758516]...</cite> <quote><cite>southcoast09 posted...</cite> <quote>When mass immigration (especially the refugee type) hits a well-off area, it becomes a ghost town of nice houses, completely untouched. You pay a million dollars for a house and the crime rate brings the value down to less than a quarter million. Eventually, people just cut their losses and move.</quote> I guess you missed the part where people can't actually afford to moved there.</quote> ... Copied to Clipboard!
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Current Events > How does California have an economy with all these $500,000 homes? (+) Yeah! (+)

Current Events > How does California have an economy with all these $500,000 homes?