4 ms·
Very, very interesting to see, especially for someone who lives in the Palo Alto area. From friends in real estate, the conversation at many of the town hall me
by SocksCanClose 10y ago
Very, very interesting to see, especially for someone who lives in the Palo Alto area. From friends in real estate, the conversation at many of the town hall meetings break down to: existing property holders, and those who have moved to the area for work. So depressing to see, as it has second- and third-order effects in terms of who can come to SV to work. As the article points out, certain types of folks (e.g. those with families, or other financial obligations) are being priced out of the workforce. A total disaster.
- bkohlmann 10y agoWhat's equally interesting is that right across the highway in East Palo Alto, there appears to be significant opportunity with much lower housing prices. Now, there are definitely reasons for this, but the economic variance seems to be more than simple financial cost. One of the commenters in the original article mentions this disparity, but it was given short shrift. EPA is not PA...but i can't help but believe that in the next 10 years it will become far more gentrified, simply due to growth pressures.