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Californians with cash driving housing prices up wherever they move.

For what it’s worth, part of the reason the housing here is so damned expensive is that we got a big influx (as in, about half the population) from California a few years back. These folks came armed with cash and didn’t need to depend on the local economy to buy their homes. Unfortunately for the rest of us, the local economy took one look at housing prices and snorted its drink all over the place. (Isn’t that a lovely picture?)

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