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I hope they don't. Even if they don't it will drive prices and make finding places to rent harder, if they do, well, that would be a real mess.
by avitzurel 11y ago
I hope they don't.
Even if they don't it will drive prices and make finding places to rent harder, if they do, well, that would be a real mess.
- STRiDEX 11y agoHad a family friend sell a house 5-6 min from the future spaceship for 1.2 million. It's a tiny box and they had 8 offers over their 800k asking price on the first weekend. The highest bidder was quoted saying "It's close to work(apple)". That area is already expensive for the schools.
- avitzurel 11y agoIn the bay area, "asking price" is just the start of the communication on the low end. I have a friend that was in the market for a house, most houses went for 150K avg over the asking price.
- raincom 11y agoAlternative min tax (AMT) is also driving high wage earners to buy expensive homes, too. I hope SV companies allow remote work. Otherwise, I can't afford to rent a place with less than 30 mins commute.