When you didn't think it could get any worse, home prices went up by *one-third* in the last year in San Jose.https://twitter.com/svbizjournal/status/988602180310532096 …
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Replying to @kimmaicutler
Yet Santa Clara population is in decline. Younger people with families are forming households and moving out, which means longer commutes and more VMT per capita.pic.twitter.com/2LpvO5HdQY
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Replying to @skip_sf @kimmaicutler
Looks more like: - Bay area originally was at max. Filled. No more spaces to build up (maybe somewhere in Contra Costa but no major push) - Job growth slowed - But house prices too high, many people leaving = population growth slowed.
@sallykuchar1 reply 0 retweets 0 likes -
Replying to @centillio @skip_sf and
Before all this Silicon Valley/Tech boom started, it was obvious that Bay Area was maxed out. Crazy commute hours - people desperate and buying developments around Sacramento and commuting into SF - making people (esp wanting to start new family) totally cornered.
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Replying to @centillio @skip_sf and
I wonder what tech founders thought. Reckless to bring in totally new booming big sector into this over-crammed area? - or 'Well, that's the market economy.' Probably latter and they really don't have anything about foresight, planning or responsibleness. Sad but real.
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Bay Area is not maxed. Tons of 1-story area in non CC-risk places. Significantly less density than other major cultural and economic areas of the world.
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Most of the cities (and property/home owners are complicit). They approve office to get the tax dollars to cover otherwise unsustainable municipal tax revenue structures.
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