[TexasFreeper2009]

They appear to have re-discovered, supply and demand!

*shocking*

lol

[lormand]

I live in the Austin area and we are indeed seeing property values spiking.

[boycott]

It may be that these tech companies are choosing areas that are prospering. The increases may be happening without connection to the tech workers.

I find this research to be a bit oversimplified.

[dragnet2]

People in CA have been doing that for years now.

It's why people from other states are always begging people from CA to move there.

Look at Texas. They're constantly begging for CA conservatives people with money to move there.

lol...

[Snickering Hound]

If you're moving to Austin, keep your Prius off the 85mph toll road, thanks.

[Regulator]

Yup.

When you can sell your dump in Mountain View for a million and a half (that you bought 10 years ago for 650K), and you still have 100,000 options on GOOG, you can just chuck it all and head for a nice town...pay cash and still have a few million to cruise on.

Ain’t capitalism grand.

[publius911]

Tech employees are fleeing Silicon Valley with their riches and making other cities more expensive

Hello?
I thought "spreading the wealth" is a good thing.

The Progressives tell us so.

Unintended consequences?
Whazzat?

Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha !

[Terry L Smith]

So, Redfin is bemoaning something that is only natural?

Silicon Valley is growing, and omg, my house has been re-assessed for more millage by the municipality!! Oh no!

Orange County did have the same ‘problem’, in the ‘80’s.

There are sections of the Greater San Diego Region that has gone through this.

With the advent of California towns embracing $15.00/hr burger flippers, They cannot stand the idea that the smarter people, working in the technology fields are already making that $15.00/hr. or more.

Silicon Valley owes a lot to federal contracts, too.

[Uncle Miltie]

Doncha just hate wealth?

[martin_fierro]

I can’t speak for any other Sillycon valley refugees but I hope to move out of this state to a nice quiet conservative area and pay as little as damn possible for my new digs.

[9YearLurker]

Tech is booming and so the traditional tech locations—in and outside of SV are doing well. Boston prices had already climbed quite a bit.

That’s not surprising.

[cicero2k]

In Denver, the “Tech Center” is located near Aurora, the less well off suburb. Since the freeway, route 25 is worthless, many tech workers are moving Aurora prices upward to avoid commuting hassles. Denver is booming again and it is not because of energy. They just added an airport to downtown rail connection for example.

As for California, proposition 13 shields real estate tax increases to 2.3 percent per year, regardless of actual appreciation. Yes, politicians want to end this tax shield for the greater good, which includes getting them re-elected.