Cali House Market is a Joke

>literal shithole house going for $619,000.
>in The Bay Area
How did the housing market in Cali become so fucked? Is the housing market just shit around SF or is this the situation for all of Cali?

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Homosexuals have money.

lol wtf is this shit

Probably some Mexicans lived in it at some point.

Nobody is buying that house. They are buying the lot.
House here in my hood(Oregon) just sold for 10K over asking in a few hours. So many people are going to be so underwater when the next recession/depression hits.
Save your money anons(go about 20% in gold). Gunna be some bargains.

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blame china for this

B oo m boom boom boom boomers

non-whites and faggots basically

why?

how so?

magazine.realtor/daily-news/2019/01/09/chinese-buyers-expand-their-reach-in-the-us-housing-market

Why are you mad at California home prices? It's to kick out all the niggers. Unfortunately that doesn't work with beaners here, they live 8-20 per house to make the mortgage or rent. Asians and Whites just get good paying jobs. Niggers flee to Texas or some other god-forsaken Southern hell-hole, where you can buy a McMansion and a couple of acres for 150K. Hell, I've seen large new cookie cutter subdivision homes go for as low as 120K across the South. I'll stay in California, thank you very much, Cletus.

there will not be a recession or depression. just unlimited qe. savingsfags BTFO

They don't have that much impact, and you should blame your own gov first.

rich chinks who come straight from chinkland to speculatively buy, as well as government chinks who spend government money on speculative housing as investments.

basically chinks are fukcing the housing prices and should not be allowed to buy homes in america

>unlimited qe
2030, average fry cook wage, $80/hr

The climate is ideal so people would like to stay there if they were born there, also too many fucking people migrating to California as well. Even if the state is having an exodus there are still liberals and people south of our border that just keep coming into our state. Also the Chinese buying land on the coast. California will never be cheap due to its geographical location and it drawing some of the most narcissistic people of the world here.

Niggers don't flee to Texas you goddamn Californians do in droves. Then you vote for the very same faggy things you did in your state, help skyrocket the local housing markets because you buy literally anything trendy, and are shocked when once again you live in another place that has super high prices forcing you to eventually leave again. GTFO

Look at Vancouver to see your future

This is youe daily fuck china reminder
Fuck china and fuck those subhuman chinks

that's not true
It's the overpayed faggots that designed the captcha I just completed to train their AI fuckbots

>Bay area is breathtakingly beautiful unless you are in Oakland or South Francisco
>Tech companies that are themselves absurdly over valued and unsustainable are all concentrated there
>Regardless of overvaluation they still have a ton of money
>Government has so many fucking zoning rules and other petty ordinances any housing is a bastard to build. You will be buying most likely the same units that have existed since the 70s just upgraded
>Tons of people flooding in
>Any natural free market corrections to this are made impossible by a mish mash of regulations and attempts at creating a utopia through laws
>The best you can do is buy a shitty house and build a nicer house that takes up about the same amount of space
That's how

It's shit everywhere. It's tough as balls to get approved housing development projects off the ground because NIMBY and environmentalists. So supply remains stagnant while demand continues to increase because we've declared to the world we will take all comers.

Hayward is a city located in Alameda County, California in the East Bay subregion of the San Francisco Bay Area.

It's not ching chongs. It's project managers pulling down a million a year to manage a team of fags that can't code.

No one here is giving you a legit answer and instead they're giving you answers filled with false equivalences (should be expected as their entire worldview is shaped by it). The real reason is gentrification from big tech companies that saturate the area. Yet we will see idiots blaming this on the Jews with rehashed cultural bolshevism

If you go inland away from the coastal regions of California, housing prices become very comparable to other parts of the country.

>it's high payed tech workers
STFU!!???
Stop dropping those pills, user. The world isn't ready, and we can't all afford HBO

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Jow Forums should have bought Michigan when it was going for 1K a block.
Don't make the same mistake twice, and save for the next bottom