Thursday, January 4, 2007

Another day in Silicon Valley real estate

Silicon Valley has to be far the strangest place at times. Though it doesn't compare to San Francisco or Sydney it is different. When I first came here I noticed that people didn't dress like in Sydney (anything goes!) and they didn't have the European cars, there was one thing that people did here that they did in Sydney.

Everyone talked about home prices. Over 10 years ago, when I first came here the prices were already sky rocketting. My gorgeous townhouse in Malvern, Victoria was worth about $100,000 US and the same type of place here was close to $200,000 US - what?? Naturally you can't compare countries to countries but you can take note that it doesn't matter where you live one conversation that everyone loves to talk about is real estate.

And it's still obvious here in the Valley. Real estate prices are on everyones discussion plate at times. People still quite don't get that in certain areas of Silicon Valley that there are still multiple offers going on. Well guess what in Cupertino, Los Altos, Sunnyvale and parts of Santa Clara that lie in Cupertino school district you are going to see the bidding war still. Because those of out there that are parents know that if there things we can give our children, food and shelter is a high priority, safety being another - Education lies close to the top of the list.

Most people in this valley have achieved what they have achieved through education and the battle is always there to compete with the next well educated person. So schools are the number one factor that determine housing costs - whether you like it or not!

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