Pete Wilson was governor then. California voted for Reagan in 1980 and 84 and Bush 1 in 1988. Now they've got Gavin Newsom. Foreign criminal gangs weren't breaking in and burglarizing homes. There wasn't rampant shoplifting. California public schools weren't among the worst in the country. California was building water and power-generating infrastructure instead of tearing it down.
IMHO, real estate, even in the fashionable counties of California, is riskier today than in the 1980s.
You know, that’s the sensible view.
Nothing makes sense in the Silicon Slum.
Trash homes go for zillions; there’s really nothing to do there, or see...it’s just an industrial slum.
Yet all of Asia and South America wants to live there, because they’re all chasing the venture capital millions. So they pay anything.
It doesn’t make any sense, we all think it’s gonna collapse and...it goes up further.
Net worth of average Nvidia worker: $10M.