{"id":42550,"date":"2018-03-06T03:00:48","date_gmt":"2018-03-06T08:00:48","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=42550"},"modified":"2022-11-30T18:04:43","modified_gmt":"2022-11-30T23:04:43","slug":"real-estate-reality-may-finally-be-changing-minds-in-silicon-valley","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2018\/03\/06\/real-estate-reality-may-finally-be-changing-minds-in-silicon-valley\/","title":{"rendered":"Real estate reality may finally be changing minds in Silicon Valley"},"content":{"rendered":"<p>I&#8217;ve never lived in Silicon Valley, and my one vist there was over 25 years ago &mdash; 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&#8217;t afford to buy or even rent near where they work. Iowahawk linked to a <em>New York Times<\/em> article which shows that some movers and shakers acknowledge that Silicon Valley has a serious problem:<\/p>\n<div align=\"center\">\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Silicon Valley execs devise strategy to solve Silicon Valley affordable housing crisis: GTFO of Silicon Valley<a href=\"https:\/\/t.co\/MlRDfqJWbD\">https:\/\/t.co\/MlRDfqJWbD<\/a><\/p>\n<p>&mdash; David Burge (@iowahawkblog) <a href=\"https:\/\/twitter.com\/iowahawkblog\/status\/970766787875950594?ref_src=twsrc%5Etfw\">March 5, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">If there was ever an industry that had no reason to be concentrated in one geographic location, it&#39;s software tech.<\/p>\n<p>&mdash; David Burge (@iowahawkblog) <a href=\"https:\/\/twitter.com\/iowahawkblog\/status\/970774893330685952?ref_src=twsrc%5Etfw\">March 5, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">In 95% of the American landmass, this is a $75,000 house. (ht <a href=\"https:\/\/twitter.com\/rdmcghee?ref_src=twsrc%5Etfw\">@rdmcghee<\/a>)<a href=\"https:\/\/t.co\/sv8pwNS0g1\">https:\/\/t.co\/sv8pwNS0g1<\/a><\/p>\n<p>&mdash; David Burge (@iowahawkblog) <a href=\"https:\/\/twitter.com\/iowahawkblog\/status\/970776209817817088?ref_src=twsrc%5Etfw\">March 5, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">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<\/p>\n<p>&mdash; David Burge (@iowahawkblog) <a href=\"https:\/\/twitter.com\/iowahawkblog\/status\/970777532076355585?ref_src=twsrc%5Etfw\">March 5, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">&quot;I&#39;m only 1 hour from the mountains and beaches!&quot; &#8211; Silicon Valley drone coding at 2 AM to pay his $2 million house trailer mortgage<\/p>\n<p>&mdash; David Burge (@iowahawkblog) <a href=\"https:\/\/twitter.com\/iowahawkblog\/status\/970782944444014592?ref_src=twsrc%5Etfw\">March 5, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;ve never lived in Silicon Valley, and my one vist there was over 25 years ago &mdash; 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[831,15,13],"tags":[35,426,1498,95],"class_list":["post-42550","post","type-post","status-publish","format-standard","hentry","category-business","category-technology","category-usa","tag-california","tag-housing","tag-iowahawk","tag-jobs"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-b4i","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/42550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=42550"}],"version-history":[{"count":3,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/42550\/revisions"}],"predecessor-version":[{"id":42553,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/42550\/revisions\/42553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=42550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=42550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=42550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}