Homes in California are some of the most expensive anywhere. It doesn’t mean that people don’t pay for the zip code or the view but the cost of homes, especially in Silicon Valley where the views are incredible, are on the rise. Find out in this article what you can get for the money in Silicon Valley.
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From the article:
The little 70-year-old house at 353 Carmelita Drive is about as unspectacular as American real estate gets: two bedrooms, one and a half baths, and a modest 960 square feet. Elsewhere in the country (or at least the state) you could probably snatch it up for around a quarter million, tops: but in Google’s back yard, it’s four times that.
There’s a redone kitchen and some nice bamboo floors, but really, what you’re paying here is the privilege of living in Mountain View, which like many Silicon Valley regions, has seen its property values explode alongside stock prices and IPOs.
A value estimate from the real estate site Zillow paints it pretty clearly: everything is getting more expensive, including this tiny dull house.
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Read the entire article here: http://valleywag.gawker.com/silicon-valley-housing-explosion-means-this-cottage-cos-513817096?utm_campaign=socialflow_gawker_twitter&utm_source=gawker_twitter&utm_medium=socialflow