Re:Silicon Valley homes now out of reach even for big spenders
by sloxy on Friday December 15, 2017 @05:52PM
(#15935925)
I find it beyond belief that local homeowners are being so short sighted.
Do they not worry what their children/grandchildren are going to do for accommodation when they are property hunting? Or is their assumption that screw them, that's their problem?
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Re:Silicon Valley homes now out of reach even for big spenders
by pwinnski on Friday December 15, 2017 @05:57PM
(#15935960)
As with most issues, what does the future have to do with today?
Most people don't want to take the risk of a huge hit on their property value today in exchange for a chance at avoiding crisis some day in the future. Ideally, some other chumps would take a huge hit on their property values for the future, and mine would remain high.
I don't actually live in SV, but that sort of thinking is everywhere.