The well-respected Urban Land Institute recently looked at “the role immigrants play in local housing markets”, focusing on five metropolitan areas including the San Francisco metro. How will immigration affect real estate in these areas and influence the type of “housing products” they build? The answers may challenge the orthodoxy on how to solve Silicon Valley’s housing crisis.
Ranch-style home, or socialist worker housing? Big back yard, or a tiny deck with a sweeping view of your neighbor’s tiny deck? A 2017 kitchen, or a 1955 kitchen?
What Gen X-ers want is home sweet home. And a Rachael Ray Nonstick Bakeware 5-Piece Set, Latte Brown with Agave Blue Handle Grips.
For the answer, all we have to do is ask complete strangers hanging out at Palo Alto’s Town & Country Village.
Realtor.com says the San Jose and San Francisco metros were two of the five hottest real estate markets in the U.S in March. I say we’re still hot! hot! hot! in April.
It’s used to be that a house could get by with a high school education, or maybe a few years of college. But these days home buyers demand the problem solving, critical thinking, and technical skills that only a house with a graduate-level education can provide.
Certainly it’s challenging for the average person to buy a home in Silicon Valley these days. It’s challenging for even the “tier 1” top 25 percent of Valley earners to buy. But is it more challenging than it’s ever been?