The Silicon Valley real estate market is different from other markets because of the high concentration of tech companies and VCs. Tech workers are willing to pay a premium to live near their work, and the return-to-work mandates are driving up demand and prices for housing.
Real estate in Silicon Valley is a proven, profitable long-term investment, and the perpetual shortage of housing in Silicon Valley guarantees that values will continue to increase. Even when people leave Silicon Valley, there are always more people coming in to replace them. New technology always starts here.
Smart, young tech workers know that they can make more money by buying a home in Silicon Valley, even if it's expensive, than by paying rent. They also know that the future value of their property is likely to be much higher than what they paid for it. All they have to do is talk to their co-workers or bosses to see the path.
If you are a young tech worker who is planning to stay in Silicon Valley for the long term, buying a home may be a good investment for you. Even if you have to pay a high price, you can be confident that your property will increase in value over time. Most people make more money off their homes than they do at their place of employment in the long run.
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