Property values (still) point up?
Front page headline read:
“Property values point up” followed by a sub-headline:
“ASSESSED VALUES INDICATE VALLEY ECONOMY RALLYING”
First of all, “Assessed values indicate valley economy rallying”?
So it’s true? Real estate is now the bellwether of the Silicon Valley economy? Not the NASDAQ? Not VC funding? Not IPOs? Not even Google, but real estate??? Apparently, we missed the memo…
Or maybe it’s just that all the traditional Silicon Valley measures benefited so few residents during the recently-alleged “boom” that real estate is the cheerleaders’ chosen platform to keep us in line, waiting for the next big pay day.
Uh oh… sounds like someone’s not a fan of the Merc.
How would you measure the health of Silicon Valley?