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A comment on Bay Area wages soaring but still can’t keep up with housing prices. Parent comment

Re:Bay Area wages soaring but still can’t keep up with housi... by ori_b on Sunday September 25, 2016 @03:34PM (#12576967)
> * There is a non-trivial amount of money coming in from other countries to bid up property as well.

And how many of them were engineers moving over for jobs? It's not just Californians relocating from nearby communities, sure -- I moved from Canada (via a few years in New York), for example. But it's unlikely to be some foreign absentee landlord.

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Re:Bay Area wages soaring but still can’t keep up with housi... by tamana on Sunday September 25, 2016 @06:20PM (#12577762)
In my experience foreign absentee landlords aren't even very bad, because they care mainly about parking their assets outside of China, more than maximizing or even collecting rent.
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Re:Bay Area wages soaring but still can’t keep up with housi... by ajmurmann on Monday September 26, 2016 @12:17AM (#12579192)
Not caring about collecting rent often leads to empty houses that now nobody can live in. That's about the worst that can happen if we want to get housing costs down.
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Re:Bay Area wages soaring but still can’t keep up with housi... by imtringued on Monday September 26, 2016 @02:28AM (#12579678)
Developers prioritise luxury apartments which they primariy sell to those chinese landlords.
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