quote:
Nothing is out of whack. It's supply and demand. It's Silicon fricking Valley. People make a shite ton of money here, and don't think twice about spending it.

All you have to do is look at how short an amount of time properties stay on the market to see how hot the demand is.

My condo is 1100 sq ft. The owner paid $565k in 2015. Others in the same development that are exactly the same are selling for $620k to $650 currently.

I don’t think that people in Silicon Valley earn ten times what tech earners in other parts of the country earn. Yet they’re apparently paying ten times more for housing.

The fact that properties are selling fast doesn’t exactly mean everything is fine. Stuff sells fast in bubbles (that’s actually kind of the definition a bubble).

I’m not saying that this is definitely a bubble, I’m just saying that “Hot Market” doesn’t necessarily equate to “Everything is Gravy”.

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Posted by Sayre

Felixville

Member since Nov 2011

5521 posts

Posted on 11/19/17 at 8:23 am to StupidBinder

quote:
I don’t think that people in Silicon Valley earn ten times what tech earners in other parts of the country earn.

There are an infinitely greater amount of tech workers in that region, and they are compensated with the housing market in mind, for the most part.

The number of huge corporations that have their corporate office there is staggering. There's a lot of very high salaries and compensation packages.

It's a level of affluence on a scale you don't find in a lot of other areas.

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Posted by Sayre

Felixville

Member since Nov 2011

5521 posts

Posted on 11/19/17 at 8:26 am to StupidBinder

Thousands of high technology companies are headquartered in Silicon Valley. Among those, the following 39 are in the Fortune 1000:
Adobe Systems
Advanced Micro Devices (AMD)
Apple Inc.
Cisco Systems
eBay
Intel
Intuit
Nvidia
Oracle
Sun Microsystems
Yahoo!

Adobe Systems
Advanced Micro Devices (AMD)
Agilent Technologies
Alphabet Inc.
Apple Inc.
Applied Materials
Brocade Communications Systems
Cisco Systems
eBay
Electronic Arts
Facebook
Google
Hewlett Packard Enterprise
HP Inc.
Intel
Intuit
Juniper Networks
KLA Tencor
Lam Research
LSI Logic
Marvell Semiconductors
Maxim Integrated Products
National Semiconductor
NetApp
Netflix
Nvidia
Oracle Corporation
Riverbed Technology
Salesforce.com
SanDisk
Sanmina-SCI
Symantec
Tesla, Inc.
Visa Inc.
VMware
Western Digital Corporation
Xilinx
Yahoo!

Additional notable companies headquartered (or with a significant presence) in Silicon Valley include (some defunct or subsumed):

3Com (acquired by Hewlett-Packard)
8x8
Actel
Actuate Corporation
Adaptec
Aeria Games and Entertainment
Akamai Technologies (HQ in Cambridge, Massachusetts)
Altera
Amazon.com's A9.com
Amazon.com's Lab126.com
Amdahl
Anritsu
AstraQom
Asus (headquartered in Taipei, Taiwan)
Atari
Atmel
Broadcom (headquartered in Irvine, California)
BEA Systems (acquired by Oracle Corporation)
Cadence Design Systems
Cypress Semiconductor
Dell (headquartered in Round Rock, Texas)
EMC Corporation (headquartered in Hopkinton, Massachusetts)
Extreme Networks
E*TRADE (headquartered in New York, NY)
Fairchild Semiconductor
Flex (formally Flextronics)
Foundry Networks
Fujitsu (headquartered in Tokyo, Japan)
GoPro
Groupon (headquartered in Chicago, IL)
Harmonic, Inc.
HCL Technologies (headquartered in Noida, India)
Hitachi Data Systems
Hitachi Global Storage Technologies
IBM Almaden Research Center (headquartered in Armonk, New York)
IDEO
Infosys (headquartered in Bangalore, India)
Informatica
Intuitive Surgical
LinkedIn (acquired by Microsoft)
Logitech
Lucasfilm
Maxtor (acquired by Seagate)
McAfee (acquired by Intel)
Memorex (acquired by Imation and moved to Cerritos, California)
MetricStream
Micron Technology (headquartered in Boise, Idaho)
Microsoft (headquartered in Redmond, Washington)
Mozilla Foundation
Move, Inc.
Nokia (headquartered in Espoo, Finland)
Nokia Solutions and Networks (headquartered in Espoo, Finland)
NXP Semiconductors
Nook (subsidiary of Barnes & Noble)
Olivetti (headquartered in Ivrea, Italy)
Opera Software (headquartered in Oslo, Norway)
Palm, Inc. (acquired by Hewlett-Packard)
Panasonic (headquartered in Osaka, Japan)
PARC
PayPal (it has been demerged from eBay)
Pixar
Playdom
PlayPhone
Qualcomm, Inc. (HQ in San Diego, CA)
Quanta Computer
Quantcast
Quora
Rambus
Roku, Inc.
RSA Security (acquired by EMC)
Samsung Electronics (headquartered in Suwon, South Korea)
Samsung Research America (headquartered in Suwon, South Korea)
SAP SE (headquartered in Walldorf, Germany)
Siemens (headquartered in Berlin and Munich, Germany)
SolarCity
Sony (headquartered in Tokyo, Japan)
Sony Mobile Communications
Sony Interactive Entertainment
Square, Inc.
SRI International
Sun Microsystems (acquired by Oracle Corporation)
SunPower
SurveyMonkey
Synopsys Inc.
Tata Consultancy Services (headquartered in Mumbai, India)
Tibco Software
TiVo
TSMC
Twitter
Uber (company)
VA Software (Slashdot)
Verifone
VeriSign
Veritas Software (split off from Symantec)
VMware
WebEx (acquired by Cisco Systems)
@WalmartLabs
YouTube (acquired by Google)
Yelp, Inc.
Zynga

Silicon Valley is also home to the high-tech superstore retail chain Fry's Electronics.
Notable government facilities

Moffett Federal Airfield
NASA Ames Research Center (Located inside Moffett)
Onizuka Air Force Station

LINK

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Posted by MusclesofBrussels

Member since Dec 2015

4554 posts

Posted on 11/19/17 at 8:27 am to StupidBinder

quote:
I don’t think that people in Silicon Valley earn ten times what tech earners in other parts of the country earn.

They definitely don't unless you're talking senior management and up at the top companies. The typical SDE isn't making enough to cover the housing differential

LINK

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