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Retrograde

(11,439 posts)

1. One Google-related reason

Reply to steve2470 (Original post)

Sat Nov 1, 2014, 07:37 PM

Nov 2014

Google bought several houses in Palo Alto to house its visiting employees, taking them off the market and reducing demand.

I bought a low-priced, 900 sq ft house in Palo Alto nearly 40 years ago: it was over $100K back then. I agree, the prices are too high, but a lot of it is due to companies like Google that bring in high-priced workers.

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Google CEO Larry Page: Million Dollar Houses In Silicon Valley Should Only Cost $50,000 [View all] steve2470 Nov 2014 OP

One Google-related reason Retrograde Nov 2014 #1

my guess is a parking space in silicon valley would fetch more than $50,000. unblock Nov 2014 #2

Silicon Valley house cost $50k codecus Nov 2014 #9

At one time they did and you could get a very nice home for that Cleita Nov 2014 #3

Does he need "market driven economy" explained to him? lpbk2713 Nov 2014 #4

He can move Google to my neighborhood. lumberjack_jeff Nov 2014 #5

Sure, if you pay all the carpenters, etc., about 50 cents an hour pnwmom Nov 2014 #6

The countertops in those homes cost more than 50k. ileus Nov 2014 #7

Maybe he could pick up Google and move it to Detroit... hunter Nov 2014 #8

Surely he means "horses" instead of "houses" right. cemaphonic Nov 2014 #10