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RedRifle
Vanderbilt Fan
Austin/NO
Member since Dec 2013
7803 posts

Silicon Valley real estate is just stupid


Scruffy
USA Fan
Kansas City
Member since Jul 2011
63117 posts

re: Silicon Valley real estate is just stupid
You are buying the land, not the house.


Athos
Missouri Fan
Member since Sep 2016
6072 posts

re: Silicon Valley real estate is just stupid
It’s what happens when demands outpaces supply.

You can charge whatever you want for a plot of ghetto shite.

Cali would be an awesome place to live if there weren’t so many goddamn people.


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671
JohnnyKilroy
New Orleans Pelicans Fan
Cajun Navy Vice Admiral
Member since Oct 2012
25671 posts

re: Silicon Valley real estate is just stupid
Supply and demand is crazy yo


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130
Oilfieldbiology
LSU Fan
Member since Nov 2016
16055 posts
 Online 

re: Silicon Valley real estate is just stupid
It’s because Silicon Valley doesn’t want high rise apartments.


PeteRose
LSU Fan
Hall of Fame
Member since Aug 2014
9636 posts

re: Silicon Valley real estate is just stupid
Chinese money


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240
Ingeniero
LSU Fan
Baton Rouge
Member since Dec 2013
8711 posts
 Online 

re: Silicon Valley real estate is just stupid
"Haha, who would want to live in the south? It's full of idiot racist rednecks, shitty weather, and low standard of living. I much prefer paying $2500/month for a 500sqft studio apartment with paid parking and homeless people shitting on my street."

Now that I think about it, even in my caricature $2500/month for a studio isn't high enough for Cali.
This post was edited on 5/15 at 9:46 am


upgrayedd
Lamar Fan
Lifting at Tobin's house
Member since Mar 2013
107359 posts
 Online 

re: Silicon Valley real estate is just stupid
My sister's bay area 1,000 sqft, 100 year old plain Jane house is going for $14,000/square


Uptowner
LSU Fan
The OP
Member since Oct 2019
877 posts

re: Silicon Valley real estate is just stupid
Not stupid.

Actually kind of logical = > amazing career and earning opportunities + beautiful climate + free markets


Upperdecker
LSU Fan
St. George, LA
Member since Nov 2014
22081 posts

re: Silicon Valley real estate is just stupid
Can’t imagine building there is cheap either Scruffy. Everyone in Palo Alto is trying to do the same thing


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61
SuperSaint
California Fan
Sorting Out OT BS Since '2007'
Member since Sep 2007
112571 posts

re: Silicon Valley real estate is just stupid
We looked at some places in Mountain View, Palo Alto and Cupertino last year before we bought. But were priced out and had to settle for east bay
This post was edited on 5/15 at 9:45 am


kingbob
LSU Fan
Sorrento, LA
Member since Nov 2010
53710 posts

re: Silicon Valley real estate is just stupid
quote:

t’s because Silicon Valley doesn’t want high rise apartments.


This. Their zoning prevents increasing housing stock creating a massive shortage and exploding prices.


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222
Plague on Wheels
Member since May 2020
168 posts

re: Silicon Valley real estate is just stupid
quote:

Silicon Valley doesn’t want high rise apartments
How do they maintain diversity?


fallguy_1978
LSU Fan
Half mile from St George
Member since Feb 2018
25658 posts
 Online 

re: Silicon Valley real estate is just stupid
quote:

My sister's bay area 1,000 sqft, 100 year old plain Jane house is going for $14,000/square

My great aunt bought a house in SF in the mid 40s for something like 25k and sold it for 2-3 million when she retired. It wasn't anything special either.
This post was edited on 5/15 at 9:46 am


Kingpenm3
McNeese State Fan
Xanadu
Member since Aug 2011
7486 posts

re: Silicon Valley real estate is just stupid
quote:

You are buying the land, not the house.



Could get interesting if more people in Silicone Valley start working from home and the need to be close to the office diminishes.



LSU316
Houston Astros Fan
Rice and Easy Baby!!!
Member since Nov 2007
21856 posts

re: Silicon Valley real estate is just stupid
quote:

My sister's bay area 1,000 sqft, 100 year old plain Jane house is going for $14,000/square


My wife's cousin lives in CA...around LA I think. We sold our 1100 sq ft starter home in Rayne 5 yrs ago for 95K.....he told me I could have gotten at least 1mil for it in the town he lived in....it was sold at that point but I wondered how much it would have cost (and if it was even possible) to move it to CA ....although like someone else said the land itself would have probably eaten up all he profits.


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421
lostinbr
LSU Fan
Baton Rouge, LA
Member since Oct 2017
2457 posts

re: Silicon Valley real estate is just stupid
quote:

My sister's bay area 1,000 sqft, 100 year old plain Jane house is going for $14,000/square

I feel like there’s an extra zero here somewhere.

Her 1,000 sqft house is selling for $14,000,000?


SuperSaint
California Fan
Sorting Out OT BS Since '2007'
Member since Sep 2007
112571 posts

re: Silicon Valley real estate is just stupid
We paid around $600 per sq/ft


upgrayedd
Lamar Fan
Lifting at Tobin's house
Member since Mar 2013
107359 posts
 Online 

re: Silicon Valley real estate is just stupid
quote:

I feel like there’s an extra zero here somewhere.

Her 1,000 sqft house is selling for $14,000,000?
Shit

Image: https://y.yarn.co/84f1596e-d3da-40f5-9639-9a8fb02c6f5b_text.gif
This post was edited on 5/15 at 9:52 am


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560
northshorebamaman
Washington Fan
Member since Jul 2009
30622 posts

re: Silicon Valley real estate is just stupid
I've shared this before but this in front of the house I grew up in Palo Alto. My dad paid the rent by working the floor of a lumber yard:

Image: https://i.imgur.com/bcUtNx5.jpg


*and what you can't see is there's a busy railroad behind the back yard that shakes the whole house every 20 mins.

Image: https://i.imgur.com/dGHD0Y3.png


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