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Haha that's nit why. The reason why is living cost. I live in Palo Alto (rent of course) and its STILL increasing in cost. Startups can only pay so much. Since
by tom_m 14y ago
Haha that's nit why. The reason why is living cost. I live in Palo Alto (rent of course) and its STILL increasing in cost. Startups can only pay so much. Since this area carries prestige from Stanford and the tech industry its expensive. Always has been. But real estate sees all this glamour and wild success stories as an excuse to charge lots of money. It's an inflated area...in the cost of homes, rent, and food. The crap I overpay for at most restaurants downtown is insane. Coming from NYC, I had far more options and better food for cheaper. Why? Size. Competition, sure...But also no bubble. Ladies and gentlemen we are in the middle of another tech bubble here. Prices are outrageous and companies are over valued. So it'd the cost. That's why. People do their best to find places to live and they over extend themselves. I know doctors (both husband and wife) who are struggling. A nice profession...Still not enough. If you actually look at the stats (there's a map/site for this) most people move out after moving here. So "growth" and how many people actually do try to move and live here are two different things. It's not the running out of space...it's the cost.