Looking to buy in both markets has certainly helped me appreciate the differences. Night and day really. Very little inventory of any kind, let alone nice houses, in LA/LAH/PA and lots of high quality inventory in RSF. I know people here make more income and have Google/Apple $$ etc and there are gobs and gobs of 7 figure income folks in Silicon Valley, but SD is so much nicer to live in, that I feel like I am living in a dream with the prices down there, and they are still dropping!
This is just a different world up here. I used to have a Ferrari and and Aston Martin and I had them serviced at what used to be called Ferrari of Los Gatos (now SV Auto Group) and they once told me that there were 6,000 registered Ferrari’s in Silicon Valley. Lots of money up here indeed. But in most cases, you can’t tell by looking at the person’s house. It is probably a 1,300 sf shack in MV with a Ferrari in it.
People want MV, LA, PA for the schools and commute, but an entry level home is over $1 million in MV and over $2 million in LA/PA and as mentioned, lots of buyers for those.