Silicon Valley has long been a major hub for technology companies, and is the breeding ground for brands like Facebook, Google, Oracle, LinkedIn, and many more.
As the hottest technology hub in the world continues to see great success, it attracts competitive talent from the far reaches of the country. To bring in top workers, Silicon Valley salaries have skyrocketed. With those high salaries and stock options, Silicon Valley has created lots of millionaires. In fact, Silicon Valley has the second highest concentration of millionaires in the country.
And those millionaires want to own homes. Big, fancy ones. However, as the rules of supply and demand dictate, there are limited homes for all of this money, and prices have skyrocketed from San Francisco to San Jose and in surrounding cities.
Silicon Valley real estate has been climbing higher and higher for years, but it looks like that growth may be slowing down. Continue reading