re: Silicon Valley real estate is just stupid

Some people are legit rich millionaires who made tech/VC money and were able to cash in. Some people in Palo Alto have lived there for 30 years and now can cash out. My in-laws bought their house in San Jose for 150k in 1988. They can now sell it for $1.5 million. These people basically won the lottery.

There is another group of people who are house poor. All their money goes into affording a house and they can't afford anything else.

One major issue in the area is that people who are 20s-30s looking to buy are being forced out of the area and moving elsewhere. Literally right now 2 of my friends are moving to Idaho and Sacramento because it is so much more affordable.

Also for the people asking about diversity. Bay Area is a prime example of liberals who preach about diversity and equality for show but when proposals for more affordable and more dense housing come on the ballot, they complain and vote it down.