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  • June 15, 2011 at 12:23 PM #18866
    bearishgurl
    Participant

    A surge in wealth from technology stock sales and initial public offerings is spilling into the Silicon Valley real estate market as newly rich workers bid up home values in suburban cities south of San Francisco.

    The median price of single-family houses sold in Palo Alto, home of Facebook Inc., climbed 20 percent in May from a year earlier to $1.63 million, the biggest jump since 2008, according to preliminary figures from research company DataQuick. In Mountain View, the base of LinkedIn Corp., prices rose 3.1 percent to $957,500, the ninth year-over-year gain in 12 months. . .

    Piggs, it seems a little wind, fog and cloud cover matters not.

    see: http://finance.yahoo.com/real-estate/article/112941/ipos-boost-demand-silicon-valley-mansions-bloomberg

    June 15, 2011 at 2:59 PM #703784
    Allan from Fallbrook
    Participant

    BG: I grew up on Silicon Valley and my dad worked in Palo Alto. They don’t call Santa Clara county “The Fortress” without reason.

    My dad bought the house I grew up in (Los Altos) in 1966 for $22k (which was considered expensive) and sold it when he retired in 1989 for almost $800k. That same house recently sold for about $1.5MM. Unbelievable, but that’s the RBA (Real Bay Area) for ya!

    June 15, 2011 at 2:59 PM #703880
    Allan from Fallbrook
    Participant

    BG: I grew up on Silicon Valley and my dad worked in Palo Alto. They don’t call Santa Clara county “The Fortress” without reason.

    My dad bought the house I grew up in (Los Altos) in 1966 for $22k (which was considered expensive) and sold it when he retired in 1989 for almost $800k. That same house recently sold for about $1.5MM. Unbelievable, but that’s the RBA (Real Bay Area) for ya!

    June 15, 2011 at 2:59 PM #704470
    Allan from Fallbrook
    Participant

    BG: I grew up on Silicon Valley and my dad worked in Palo Alto. They don’t call Santa Clara county “The Fortress” without reason.

    My dad bought the house I grew up in (Los Altos) in 1966 for $22k (which was considered expensive) and sold it when he retired in 1989 for almost $800k. That same house recently sold for about $1.5MM. Unbelievable, but that’s the RBA (Real Bay Area) for ya!

    June 15, 2011 at 2:59 PM #704620
    Allan from Fallbrook
    Participant

    BG: I grew up on Silicon Valley and my dad worked in Palo Alto. They don’t call Santa Clara county “The Fortress” without reason.

    My dad bought the house I grew up in (Los Altos) in 1966 for $22k (which was considered expensive) and sold it when he retired in 1989 for almost $800k. That same house recently sold for about $1.5MM. Unbelievable, but that’s the RBA (Real Bay Area) for ya!

    June 15, 2011 at 2:59 PM #704980
    Allan from Fallbrook
    Participant

    BG: I grew up on Silicon Valley and my dad worked in Palo Alto. They don’t call Santa Clara county “The Fortress” without reason.

    My dad bought the house I grew up in (Los Altos) in 1966 for $22k (which was considered expensive) and sold it when he retired in 1989 for almost $800k. That same house recently sold for about $1.5MM. Unbelievable, but that’s the RBA (Real Bay Area) for ya!

    June 15, 2011 at 3:46 PM #703804
    Coronita
    Participant

    Well, really if you’re in tech, the time to go back to the bay area is now…..

    The socal economy is trailing the norcal economy pretty bad…And employment is looking reallly good up there….I’ve been really tempted to move back…Reaaaaaally tempted….

    When I was at google io in May, it’s it’s just different…Bunch of startups, bunch of energy and excitement….

    San Diego….Dead…Just dead……Well, we got the nice weather i guess. I mean it’s not *bad* like in L.A. but not exactly incubator heaven here either….

    Bay area housing in the valley (on the west side) will always be in demand…Because really in Bay Area, there really is a housing shortage….

    I predict NorCal economy will be leading SoCal for the next 10 years….SoCal is going to be going nowhere for the next decade…

    Allan,
    According to my parents…A house in FosterCity was like a joke back in 1908 …Who wants to live on a marshland that is manfilled and a fake a lagoon….In 1998 when I looked, “waterfront” property there when I looked in 98 was $800k… I can’t imagine how much it is now…..

    June 15, 2011 at 3:46 PM #703900
    Coronita
    Participant

    Well, really if you’re in tech, the time to go back to the bay area is now…..

    The socal economy is trailing the norcal economy pretty bad…And employment is looking reallly good up there….I’ve been really tempted to move back…Reaaaaaally tempted….

    When I was at google io in May, it’s it’s just different…Bunch of startups, bunch of energy and excitement….

    San Diego….Dead…Just dead……Well, we got the nice weather i guess. I mean it’s not *bad* like in L.A. but not exactly incubator heaven here either….

    Bay area housing in the valley (on the west side) will always be in demand…Because really in Bay Area, there really is a housing shortage….

    I predict NorCal economy will be leading SoCal for the next 10 years….SoCal is going to be going nowhere for the next decade…

    Allan,
    According to my parents…A house in FosterCity was like a joke back in 1908 …Who wants to live on a marshland that is manfilled and a fake a lagoon….In 1998 when I looked, “waterfront” property there when I looked in 98 was $800k… I can’t imagine how much it is now…..

    June 15, 2011 at 3:46 PM #704490
    Coronita
    Participant

    Well, really if you’re in tech, the time to go back to the bay area is now…..

    The socal economy is trailing the norcal economy pretty bad…And employment is looking reallly good up there….I’ve been really tempted to move back…Reaaaaaally tempted….

    When I was at google io in May, it’s it’s just different…Bunch of startups, bunch of energy and excitement….

    San Diego….Dead…Just dead……Well, we got the nice weather i guess. I mean it’s not *bad* like in L.A. but not exactly incubator heaven here either….

    Bay area housing in the valley (on the west side) will always be in demand…Because really in Bay Area, there really is a housing shortage….

    I predict NorCal economy will be leading SoCal for the next 10 years….SoCal is going to be going nowhere for the next decade…

    Allan,
    According to my parents…A house in FosterCity was like a joke back in 1908 …Who wants to live on a marshland that is manfilled and a fake a lagoon….In 1998 when I looked, “waterfront” property there when I looked in 98 was $800k… I can’t imagine how much it is now…..

    June 15, 2011 at 3:46 PM #704640
    Coronita
    Participant

    Well, really if you’re in tech, the time to go back to the bay area is now…..

    The socal economy is trailing the norcal economy pretty bad…And employment is looking reallly good up there….I’ve been really tempted to move back…Reaaaaaally tempted….

    When I was at google io in May, it’s it’s just different…Bunch of startups, bunch of energy and excitement….

    San Diego….Dead…Just dead……Well, we got the nice weather i guess. I mean it’s not *bad* like in L.A. but not exactly incubator heaven here either….

    Bay area housing in the valley (on the west side) will always be in demand…Because really in Bay Area, there really is a housing shortage….

    I predict NorCal economy will be leading SoCal for the next 10 years….SoCal is going to be going nowhere for the next decade…

    Allan,
    According to my parents…A house in FosterCity was like a joke back in 1908 …Who wants to live on a marshland that is manfilled and a fake a lagoon….In 1998 when I looked, “waterfront” property there when I looked in 98 was $800k… I can’t imagine how much it is now…..

    June 15, 2011 at 3:46 PM #705000
    Coronita
    Participant

    Well, really if you’re in tech, the time to go back to the bay area is now…..

    The socal economy is trailing the norcal economy pretty bad…And employment is looking reallly good up there….I’ve been really tempted to move back…Reaaaaaally tempted….

    When I was at google io in May, it’s it’s just different…Bunch of startups, bunch of energy and excitement….

    San Diego….Dead…Just dead……Well, we got the nice weather i guess. I mean it’s not *bad* like in L.A. but not exactly incubator heaven here either….

    Bay area housing in the valley (on the west side) will always be in demand…Because really in Bay Area, there really is a housing shortage….

    I predict NorCal economy will be leading SoCal for the next 10 years….SoCal is going to be going nowhere for the next decade…

    Allan,
    According to my parents…A house in FosterCity was like a joke back in 1908 …Who wants to live on a marshland that is manfilled and a fake a lagoon….In 1998 when I looked, “waterfront” property there when I looked in 98 was $800k… I can’t imagine how much it is now…..

    June 15, 2011 at 4:02 PM #703819
    afx114
    Participant

    Or you can just do like me and work for a SF startup from the comfort of your home in sunny San Diego. You get all that excitement, intellectual stimulation, and tech-sector-startup-money without all that fog, cold , mist, moustached-hipsters, and stinky bike messengers.

    SSH/SVN/Skype/Basecamp/GoogleApps FTW!

    June 15, 2011 at 4:02 PM #703915
    afx114
    Participant

    Or you can just do like me and work for a SF startup from the comfort of your home in sunny San Diego. You get all that excitement, intellectual stimulation, and tech-sector-startup-money without all that fog, cold , mist, moustached-hipsters, and stinky bike messengers.

    SSH/SVN/Skype/Basecamp/GoogleApps FTW!

    June 15, 2011 at 4:02 PM #704505
    afx114
    Participant

    Or you can just do like me and work for a SF startup from the comfort of your home in sunny San Diego. You get all that excitement, intellectual stimulation, and tech-sector-startup-money without all that fog, cold , mist, moustached-hipsters, and stinky bike messengers.

    SSH/SVN/Skype/Basecamp/GoogleApps FTW!

    June 15, 2011 at 4:02 PM #704655
    afx114
    Participant

    Or you can just do like me and work for a SF startup from the comfort of your home in sunny San Diego. You get all that excitement, intellectual stimulation, and tech-sector-startup-money without all that fog, cold , mist, moustached-hipsters, and stinky bike messengers.

    SSH/SVN/Skype/Basecamp/GoogleApps FTW!

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