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Real estate is a local competition among capital. As long as you have a lot of reasonably wealthy people in the area, prices will stay very high. I don't see
by orasis 10y ago
Real estate is a local competition among capital. As long as you have a lot of reasonably wealthy people in the area, prices will stay very high.
I don't see the Silicon Valley startup machine quitting anytime soon.
- twblalock 10y agoEven if it does quit, there are so many large, established tech companies here that prices will remain high anyway. Actually, most of the people I know who have bought houses in the past few years work for such companies: Cisco, Apple, Google, etc. Their employee stock plans are so generous that startup stock options are not very attractive.