REITs - Real Estate Investment Trusts - Info & Discussion: Demographics
- Kirk
This archived discussion is "read only".
For the corresponding "live" discussions, post in the active topic forum here.
» Kirk - Demographics
DemographicsJust heard congress will let in another 100K H1B visa's. My guess is a large percentage will shoe horn themselves in within 50 miles of my house. I expect this to continue. Perhaps the radius will widen out to Sacramanto/Folsom/Roseville to the East and Gilroy to the South. These high earners will probably bet $50K and higher annual salaries for high technology positions (The Phd's will get closer to $85K).
Just back from a funeral in SF. Visited Daly City, Colma and Pacifica (poorer areas) and you should see all the NEW building and renovation. I read the same is happening in East Palo Alto.
Sure doesn't sound like a crash is about to happen...especially when 1/3 or more of the new residents are not US born.
-- posted by Kirk
Please follow the guidelines set forth in the Suite101 Posting Etiquette when adding to the discussion.