Despite tame CPI-based inflation, rent, particularly in the Bay Area, has really exploded since 2011: The Bay Area real estate market is white hot, defying all predictions of its collapse. According to Zillow, San Jose, San Francisco, Palo Alto, and Berkeley rent has gained 40-70%…
Aren’t we supposed to be in a bubble, says the media? Why does it refuse to pop? Whether it’s stock prices, web 2.0 valuations, China, or Bay Area real estate, the unending post-2008 asset boom continues with no end in sight. Those web 2.0 valuations…
Atherton has the highest median property value of any region in America, with Menlo Park and Palo Alto not far behind. The entire Bay Area real estate market has been white-hot since 2012, coinciding with the huge public offerings of Facebook and Twitter and the…
The left wants web 2.0 to burst, longing for the tech crash that will never come. Crisis-seeking and IQ denialism is how the cognitively average reconcile their mediocrity in a society and economy where intellectual accomplishments and wealth are more important than ever. Small/medium-cap stock…