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% since 2011, vs. only modest national gain in wages and… Continue reading Bay Area Rent Is Surging
Tag: bay area real esate
Everything Keeps Going Up
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 keep rising, especially for companies valued at over $1 billion… Continue reading Everything Keeps Going Up
Why Bay Area/Silicon Valley Real Estate Keeps Going Up
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 40+ percent gains in the S&P 500, and shows no… Continue reading Why Bay Area/Silicon Valley Real Estate Keeps Going Up
The Big Will Get Bigger
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 picking is dead. Now it’s just large cap tech and… Continue reading The Big Will Get Bigger