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In reply to the discussion: Million Dollar Shack: Trapped in Silicon Valley's Housing Bubble [View all]Warpy
(111,602 posts)47. The real problem with that is that they drive prices up
while taking living space off the market, leading to an even bigger housing crunch for the rest of us. Some places have huge restrictions on foreigners buying up real estate. Cities are going to have to start doing that if they don't want to become ghost towns owned by foreigners waiting for another group of plutocrats to come along and bid it up a little more so they can turn a profit.
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This is just so insane. These tech companies are going to have to start locating in
LiberalArkie
Oct 2015
#1
When I was there people refused to move to other geographical areas. It's a mind set for some.
RKP5637
Oct 2015
#42
All it will take is for one of the "Kewl Kidz" to say "Fuck this--it ain't working for me anymore"
MADem
Oct 2015
#43
It's been crazy for decades. I had friends who owned in Palo Alto during the mid 80's
Auggie
Oct 2015
#8
I was recruited in the late 90's from RTP and could not afford to re-locate to a Palo Alto job
Ford_Prefect
Oct 2015
#9
The last time they went vertical for housing in any numbers the earthquakes brought it down.
Ford_Prefect
Oct 2015
#15
I think it's on the National Register of Historic Places. The developers will have to work around
MADem
Oct 2015
#46
If Tokyo can figure it out would hope that American civil engineers can figure it out!
ErikJ
Oct 2015
#18
My point all along is that there is no wise choice in making housing density greater in the area.
Ford_Prefect
Oct 2015
#24
There's plenty of land, housing and water in northern Maine--and it's beautiful country.
MADem
Oct 2015
#57
New York doesn't have earthquake issues. Grow up? Who wants to be sleeping on the top floor
MADem
Oct 2015
#44
This is entirely true. Often, though, they end up selling at a loss, but in the meantime, the
MADem
Oct 2015
#48
Yeah, I guess they're trying to bribe people by trading a decent economy for some illlusion of
MADem
Oct 2015
#54
BASEMENT WARS--thanks! I'll have a look. I love the Beeb, and ITV, and Channel 4, too. nt
MADem
Oct 2015
#56
The comment from the high end realtor sums up what's happened to some people...
MrMickeysMom
Oct 2015
#29
Eventually a massive earthquake will hit, it will likely be one huge F'en mess.
RKP5637
Oct 2015
#41
Chinese are investing huge amounts in FL for EB-5 immigration visas. They need homes.
madfloridian
Oct 2015
#59