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?
based on california's foreclosure rate in recent years, my guess is that people CAN'T afford to live there.
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