It’s search engine Thursday!
Recently someone found this site by searching for: what is inflating bay area real estate
This is what is known as a trap. There’s nothing inflating Bay Area real estate – because that would imply there’s a bubble that will pop.
Rather, the correct question is: why won’t bay area real estate stop increasing in prices?
The answer: Zynga, Facebook, Tesla, Google, Apple, sushi, they’re not making any more land, Stanford.
The reality is that the recession is over in Silicon Valley. Employers are starting to hire like crazy once again, needing to resort to tactics like advertising on billboards on freeways! With amazing stock options, amazing salaries,and the amazing ability to put 50% of one’s gross income towards their primary residence – how can real estate prices possibly not stop growing?
More importantly: it’s better that you buy now or be priced out forever! (Yeah, that’s right. I bet you hadn’t heard that in a while!)