visits silicon valley

no silicon in sight

mfw

Updated

You're welcome. I was curious. Pretty fucked. I redid the calculation for the median income of the area and the house is still 30x the annual yearly income. From 3x to 30x in 65 years is not good.

We are just getting the good stuff, 1GB speeds. If you mean Mobile Internet then its much more patcy..

This area of San Jose is in commuting distance to Silicon Valley offices, where you can get very large pay packages upwards of $400,000/year (average for L5 at Google in the Bay Area).

Artificial housing scarcity (the zoning restrictions in San Jose are very strict) combined with the massive incomes in the area has led to the situation we see today.

Well, to be fair this in an insanely overpriced area of the United States. If Scandinavia was the size of pretty much the entirety of Europe you'd have price extremes as well.

For example if you look up a similar house in the Midwest of the United States (Illinois, Missouri, Wisconsin, Iowa, ect) this house would be under $200,000.

Why? Unless you've got hundreds of millions or more, you're just another poor sobbing bastard for the elite. Just a bit less poor than the others. Insignificant in everything.

Also, I paid double market-average for employees, with come-and-go-as-you-please and profit-sharing. Everyone.

I rent the houses/apts dirt-cheap. At the legally allowed minimum but with hidden added boni or paybacks or whatever else I come up with. Free power, free water etc. I don't want to profit of someone else's inability to own. I want to be able to look in the mirror without disgust.

And also I work for free in a shelter-thingie for abused or broken people, I help where I can.

If everyone would do that, we'd all be better off, wouldn't we be?

What do you do to better society with the given means? Considering I'm the problem and you're not? Egocentrism, narcissism, missing empathy and machiavellism (so basically the dark triad) are the root sources that rot the world (while being highly rewarded), not money.

not everyone that has more than 1 house is a rich person. most of the time its people who had a generational house that wanted to move to another, while trying to pay off taxes or new houses by renting. its the airbnb, and corporate landlords that are the problem. Also rich nimby neighborhoods, a few years ago they blocked a low income housing in millbrae, and yes they were mostly white people. companies like blackstones, or real estate companies are raking in the dough and worsening the housing crisis.

and another incident, eventhough it looks wrong in similar area a company had bought hordes of VACANT houses and decided to let it sit there for years, and there was a whole incident mutliple squatters got in and forced the sale of the house to them after a long social media uproar.

the CURRENT people buying the houses like in OP pic are Transplants from other states moving here in droves.

I have a friend with five. He's a traveling physician and has five practices each at least a hundred miles away from each other. I don't entirely see him as part of the housing problem because he has a use for these houses that isn't vacation.

Folk are mostly friends on here, so can you ease off the attack please?

It was still the same sum though. I got money, they got a house way cheaper than they planned for. Everyone's happy. I see no problem?

There's a middle ground somewhere between the extremes.. I was lucky that I got out of school at a still good time. But it still took sacrifice to get what you wanted.

Like sometimes I was cutting mold off the bread to make a sandwich for work, and only home cooked food, and no budget for entertainmentn expenses. It got us a two bedroom house for the, baby, plus car and motorcycle. That was on one salary, but I realize that ain't happening today.

But also I have seen family members of the young generation order a smoothy on skip, purchase $300 concert tickets, while racking up debt...while complaining of cost of living.

They aren't getting a 2 bedroom house on one salary with 5% down, but they certainly could be saving for one by making some spending adjustments.

I mean it's mountain view. Could be worse, could be redwood city. Either way they get to eat at los gallos, one of the best taco huts in the bay

is your friends rich, how much was the hoa fees?

Can you legally live in an RV there? i have some vacant rural land, but the county laws dont allow camping or RVs. They also ban structures until you build a dwelling of at least a certain size.

Not even allowed to be poor on your own land

THERE were two “Reigns of Terror,” if we would but remember it and consider it; the one wrought murder in hot passion, the other in heartless cold blood; the one lasted mere months, the other had lasted a thousand years; the one inflicted death upon ten thousand persons, the other upon a hundred millions; but our shudders are all for the “horrors” of the minor Terror, the momentary Terror, so to speak; whereas, what is the horror of swift death by the axe, compared with lifelong death from hunger, cold, insult, cruelty, and heart-break? What is swift death by lightning compared with death by slow fire at the stake? A city cemetery could contain the coffins filled by that brief Terror which we have all been so diligently taught to shiver at and mourn over; but all France could hardly contain the coffins filled by that older and real Terror—that unspeakably bitter and awful Terror which none of us has been taught to see in its vastness or pity as it deserves.

probably not most of them.