Housing in tech valley is ALWAYS in demand….Has been, always will be. Parents were there in the 80ies. I was there in 90ies-early 2000, and frankly there might be downturns when tech explodes, but something always starts up again.
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Detroit used to be the equivalent of “high tech” before there was such a thing. It relied on heavy industry, which is different than Silicon Valley, but no one ever believed that it could fail. Adjusted for inflation, my parents house (in what was once a nice suburb) is now worth 70% of what it was in 1987.[/quote]
Well, I guess for practical purposes, I don’t expect it to fail in my lifetime, short of CA falling into the ocean.
Silicon Valley isn’t really silicon anymore. And yet it continues to thrive beyond what started it…No comment on Detroit, though I have my hunches….
