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A comment on Silicon Valley Poverty Is Getting Much Worse Amidst Insane New Tech Wealth Boom.

Re:Silicon Valley Poverty Is Getting Much Worse Amidst Insan... by michael_miller on Monday March 11, 2013 @10:02AM (#5356704)
Part of this is likely due to building restrictions. For example, Palo Alto has a 50 foot building limit [1]. If developers were allowed to build 20-story apartment buildings, it's very likely that housing prices would plummet.

[1] http://www.paloaltoonline.com/news/show_story.php?id=27136

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Re:Silicon Valley Poverty Is Getting Much Worse Amidst Insan... by fzzzy on Monday March 11, 2013 @10:08AM (#5356744)
The quality of the available housing in the Palo Alto/Mountain View area (crappy 50s/60s construction) plus the obscene prices make me sick. I just moved from Mountain View to escape this twisted market. I'm extremely lucky I work for a company that does a really good job of supporting remote workers.
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