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.

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

"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.

Not stupid.

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

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

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

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

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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.

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

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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.

We paid around $600 per sq/ft

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:



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