"Those familiar with Palo Alto real estate say price inflation started in the 1970s." http://www.paloaltoonline.com/weekly/morgue/cover/1997_Mar_19.COVER19.html … (3/19/1997)
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Replying to @kimmaicutler
@kimmaicutler My family moved to Palo Alto in 1977, bought in late '76 an Eichler 4BR/2BA for $89K (IIRC) ... sold in 2007 for 1.6M.@pmarca1 reply 3 retweets 9 likes -
Replying to @BrendanEich
@kimmaicutler Confounders: late '70s/very-early-80s secular inflation. Dotcom and post-2002 R.E. bubbles.@pmarca1 reply 0 retweets 2 likes -
Replying to @BrendanEich
@BrendanEich@pmarca Stagflation was a contributor to Prop. 13 & the passage of significantly restrictive zoning laws in CA during the 70s.1 reply 0 retweets 1 like -
Replying to @kimmaicutler
@kimmaicutler I remember it well. After Volcker, things changed - but laws did not.@pmarca3 replies 0 retweets 0 likes
Replying to @BrendanEich
@BrendanEich @pmarca no, zoning laws did not change, got more restrictive.
4:58 PM - 17 Sep 2015
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