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Title: Look At What Immigration Has Wrought.
Source:
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URL Source: https://www.zerohedge.com/news/2018 ... ing-escape-skyrocketing-prices
Published: Jun 2, 2018
Author: Tyler Durden
Post Date: 2018-06-02 21:12:16 by Horse
Keywords: None
Views: 109
Comments: 4
They’re looking for affordability and not finding it in Santa Clara County (Silicon Valley) ,” said Danielle Hale, chief economist for realtor.com. A tight housing supply combined with nearly a decade of exploding home values have pushed housing prices and rents through the roof. Take, for example, this 848 square foot home on Plymouth Drive in Sunnyvale, CA (which in the 90's was the "poor" part of town vs. nearby Mountain View and Los Altos). (Sunnyvale is just a few miles north of San Jose.) After being listed in March for $1.45 million, it sold within 48 hours for $2 million, or $2,358 per square foot. With Sunnyvale's 1.25% property tax, the new owners are paying $2,083 per month, or $250,000 every 10 years. Poster Comment: $2 million for 848 square feet plus $2,083 a month for property tax. Could this have happened if America had not been flooded with legal and illegal immigrants. This is from a Zero Hedge article. https://www.zerohedge.com/news/2018-06-02/heres-where-californians-are-moving- escape-skyrocketing-prices
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#1. To: Horse (#0)
And this in CA no less! There was once a site called "Mansion or Hovel" or something that hilited this bizarre situation in Vancouver. You guessed whether each house shown was grossly overpriced there or normal (low low low) priced somewhere else.
Sunnyvale is 43% white.Schools would be hell for white children. Cupertino is even wealthier with better schools and even more expensive homes. (More than $2 million.) But Cupertino is only 31% white. Lots of Chinese so whites are relatively safer at school. Chinese are 61%. Latinos are only 3.6%.
I would just love to know what my liberal cousins who live there (one formerly in Cupertino) think of the situation. Prolly the same thing as the Beach Boys -- everything'a HUNKY DORY as long as I can use MONEY to to keep trouble away from my own immediate doorstep!!!
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#2. To: NeoconsNailed (#1)
(Edited)
#3. To: Horse (#2)
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