[quote=flu]Can’t afford to own in Palo Alto?

No problem!!!! You can always rent…. Like this 2000sqft SFH…. It’s only…

$8000/month, complete with that totally awesome 1 car detached garage.

http://www.zillow.com/homes/for_sale/19469060_zpid/37.447129,-122.129045,37.43183,-122.156553_rect/14_zm/1_fr/%5B/quote%5D
That house sold for $248k in 1985.

I wonder how high will this go before it comes crashing down.

This house in RSF was sold for $630k in 1988, which is over 2x the price of the PA house. Today, the ratio is flipped.
http://www.sdlookup.com/MLS-140057279-18056_Via_Roswitha_Rancho_Santa_Fe_CA_92067

Are millionaires just more smarter with their money?