Quote:
Originally Posted by daepp
I sure hope my earlier post didn't come across as racist or Xenophobic. I meant nothing more than to state an observation. Living in the San Gabriel foothills, I have witnessed some curious trends. For example, 3 homes in my neighborhood have sold in the last year or two to Asians, furniture moved in, yards kept expertly manicured and houses maintained, but no one lives in them. Have you noticed this?
And as I work in the home building industry, I have watched as the styles have changed towards more Asian friendly designs. I would seem that this is a force to be catered to - and by no means is it anything bad - but I wonder if the So Cal market is being driven more out of fear of their home country rather than a response to the more typical/historical roots of price appreciation.
My $.02 - and I'm no expert.
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Dave, hell no, not at all. I have noticed the same things and its just part of the business seeing who's coming and going so we can prep for our target market. I do not live in the San Gabriel Valley but I do notice the large number of Asians that live there. I go there to eat, I will tell you that much. I am in the heart of LA between that and So Pasadena right off the old Pasadena Fwy. I am 5-8 minutes from So pas and that city's demographics has changed over the past 20-30 years. Now, its 25% (maybe more) Asians. Im my neighborhood, all the older or families have sold and left cashing in. The younger professionals are moving in. Some, but not many, have little babies.
We just bought two in Torrance. Both houses were owned by retired old ladies with husbands that passed. Talking with my agent, my target will be 30% Asian, white with small percentages of Indians.