Re:No ‘For Sale’ Sign? Silicon Valley Buyers Aren’t Deterred
by tptacek on Tuesday September 06, 2016 @05:59PM
(#12439575)
This is a much better point than the dumb point I made at the top of this thread. The commute from MTV to Palo Alto is humane even by the standards of other cities. What is drawing people to pay PA prices? Do people really just live 80% of their life within walking distance of their PA house? Because otherwise, you really need a car out there, even if you don't have a driving commute.
On most of the metrics except public schools, Palo Alto fares similar to nearby "cities". And while public schools in Palo Alto have higher ratings than Mountain View or Sunnyvale, you have the option of private schools (which are better than public schools in PA) for 20-25K/year, which still comes out to ~300K per child.
So I am still baffled by the price premiums one is willing to pay for a house in Palo Alto or Cupertino.
[1] http://www.zillow.com/palo-alto-ca/home-values/ http://www.zillow.com/sunnyvale-ca/home-values/ http://www.zillow.com/mountain-view-ca/home-values/
edit: I am using examples of MV/Sunnyvale only for those who like south bay due to weather/opportunities/current situation etc. Median home prices of >1M in those suburbs are still ridiculous, and someone considering moving to SFBA may benefit by exploring other parts of the world, if they are not tied to SFBA for whatever reason.