Gottfried, >There's a shortage of
luxury cars as well. Worrysome developments.
Whatsamatter, didn't get yours yet? Kidding. Have to think the correction in the .coms with no earnings on the horizon might change this some. OTOH,
Median price for Santa Clara county almost $550k.
For those not familiar with the housing norms of the Santa Clara Valley, all houses are not nice spreads in Palo Alto, Los Altos or Saratoga (those go for 2 million and up). The average Santa Clara Valley house, just a WAG, might be 1700 square feet on a 60X100 foot lot. Probably half are in San Jose, which is no Palo Alto. Average of 550K for that is scary.
There is the issue of attracting engineers, etc. to SI Valley with the housing prices being so high, and talk of companies moving, or at least doing a lot of their expanding out of the area. However, that's been the case since the 70s, and I'm sure the ratio of high tech companies here to any other part of the country has done nothing but go up over all that time. Example is Cisco wanting to double their size (or something close) by putting up new facilities in the Coyote Valley section of South San Jose. CEO Chambers even said he could do the expansion in one of the Carolinas if there was a lot of opposition here. But they're pressing forward to do it here. Companies and their employees just want to be here, where the opportunites are the best for tech jobs. Hard to put it, but something about the high tech culture, or atmosphere, or something here...
Tony |
