Berkshire Targets Wealthy Chinese Buyers for U.S. Homes

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5. It isn't Berkshire per sae, but foreign speculation and high tech jobs in the Bay Area that have

made real estate the bay area unaffordable, unless you got in years ago.

The new Apple Campus in Cupertino will cost Apple over 5 BILLION dollars, and last I heard cost over runs may bring it closer to 9 BILLION. Over where the Vallco Shopping Center is in Cupertino, not far from the Apple campus, two bedroom apartments are going for 4200/month.

The bay area is becoming unaffordable, especially for young people fresh out of school. Lot of people commuting from Stockton, Lodi, and other surrounding areas. That is a two hour commute one way.

While this may go on for some time, my view is it is going to be very difficult to sustain these price levels. Salaries are higher than other parts of the country, but except for few, it is not commensurate with the cost real estate. I definitely don't see how most people can save for retirement and afford rent/mortgage, insurance, electricity etc.