I’ve never lived in Silicon Valley, and my one vist there was over 25 years ago — but even then, I thought the real estate market was far higher than it should have been. The sale of a tiny house in Sunnyvale (for $2 million or $2,358 per square foot) is symbolic of real estate values all around the area, as the stories get told of new employees living in their cars because even on six-figure salaries, they can’t afford to buy or even rent near where they work. Iowahawk linked to a New York Times article which shows that some movers and shakers acknowledge that Silicon Valley has a serious problem:
Silicon Valley execs devise strategy to solve Silicon Valley affordable housing crisis: GTFO of Silicon Valleyhttps://t.co/MlRDfqJWbD
— David Burge (@iowahawkblog) March 5, 2018
If there was ever an industry that had no reason to be concentrated in one geographic location, it's software tech.
— David Burge (@iowahawkblog) March 5, 2018
In 95% of the American landmass, this is a $75,000 house. (ht @rdmcghee)https://t.co/sv8pwNS0g1
— David Burge (@iowahawkblog) March 5, 2018
I mean, I can kind of understand expensive housing in NY or SF, but Silicon Valley? It has all the excitement of Dubuque, at Monaco prices
— David Burge (@iowahawkblog) March 5, 2018
"I'm only 1 hour from the mountains and beaches!" – Silicon Valley drone coding at 2 AM to pay his $2 million house trailer mortgage
— David Burge (@iowahawkblog) March 5, 2018
