All the time, people ask me “Burbed, will the house prices in the Real Bay Area continue to go up?”
My answer: Are they making any more land… that Chinese people want to buy?
But enough of my pithy subjective comments, let’s look at this certified Bar Charts™:
Now, let’s face it: China is a country full of rich people. Full of them! And what do they want? US real estate!
Whether it be rich parents buying apartments for their high school aged children so they go to prep schools here, or for their 2 year olds, they are buying real estate. Now, granted, these two previous links were mostly about NY because of the lamestream media’s perpetual bias towards NY – but those of us in the Yay Area know better.
Looking at that chart above, you can see a trend. The blue bar is the biggest, and will only grow bigger. It’s almost touching the other edge of the chart, and that means there’s room to grow. In fact, if you look really hard, you can see that the bar is accelerating.
By the end of this decade, Chinese people will account for 105% of the Real Bay Area – that’s right, you heard it here first. They will all be coming here with their suitcases full of RMBs, buying all the real estate in sight. You think cash only offers are crazy today? Just imagine the future when you’ll be getting cash only with a LV suitcase offer.
With any luck, the Chinese will help the entire Real Bay Area finally edge out Manhattan for the highest $/sqft in America by the end of the decade, if not the the world.
Enter the dragon… the Open House hours are 9a-9:15a. xie xie!
So… Burbians… how are you doing in your Mandarin classes?