"In San Jose, the typical homeowner is gaining $99.81 of equity in their home every hour they’re at the office. The city’s hourly minimum wage is $13.50." https://www.zillow.com/research/hourly-home-equity-earnings-19356/ …pic.twitter.com/4n0Xo89u8p
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"In San Jose, the typical homeowner is gaining $99.81 of equity in their home every hour they’re at the office. The city’s hourly minimum wage is $13.50." https://www.zillow.com/research/hourly-home-equity-earnings-19356/ …pic.twitter.com/4n0Xo89u8p
Serious question: Is property in San Jose *really* appreciating at $200K per year? like, every year? so that in 5 years, a $1m property goes to $2m?
The last couple of years it’s been six figures on the peninsula every year — higher in the Northern pt of the county. Last year, Palo Alto was $2.6M median. Now it’s $3.2M 
Sigh... this of course will not end well, do you know if we've seen any double mortgage/variable rate activity like in the run up to the last bust?
I think the prices are not really an indication of poor lending practices. They're more reflective of the fact that few people or nobody is selling.https://twitter.com/sallykuchar/status/978332798275616768 …
tax-free!
But is it a *living* wage?!
It's like an extra working spouse! Without the benefits.
I was just thinking that. Three earners, only two consumers.
surely this cannot continue indefinitely? There isn’t double-again the money available to actually pay these prices, is there?
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