Tuesday, February 19, 2013

 

The value of land

Going to Silicon Valley last week was shocking in many ways. As much as anything, I was taken aback by the home prices there. In the town of Atherton, for example, the average home price is around $3 million. Crikeys! It is not that different in surrounding communities.

How can people afford to live there?

# posted by Mark Osler @ 12:00 AM
Comments:
based on california's foreclosure rate in recent years, my guess is that people CAN'T afford to live there.
# posted by Anonymous Woody : 9:54 PM
 
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