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A comment on What Happens to Home Prices When Technologists Come to Town. Parent comment

Re:What Happens to Home Prices When Technologists Come to Town by shostack on Saturday June 20, 2015 @03:00AM (#9749251)
Let's be honest....there are many other reasons why homes in the Bay Area are more desirable to many compared to Texas.

It also attracts much more foreign investment due to its location.

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Re:What Happens to Home Prices When Technologists Come to Town by saryant on Saturday June 20, 2015 @04:22AM (#9749361)
According to the National Association of Realtors, that's actually not the case. California attracts only slightly more international buyers than Texas.

Texas has stronger ties to Latin America and the Middle East while still attracting a not-insignificant number of Asian buyers (Houston in particular has very strong ties to Asia). California obviously does get the bulk of investment from Asia.

http://www.realtor.org/sites/default/files/2014%20Profile%20...

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