re: The house that sold for $800K over asking price speaks to the inequity of California

quote:

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

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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.