Now now. I live in Santa Clara County, am a homeowner, have a successful career in tech, and have every right to comment. And I'm here to tell you that a 950 square foot, 1-bedroom, 1-bath, moldy/leaky glorified shack on a noisy, 2500 square foot corner lot going for $2.1 million is pretty damn flabbergasting.
Not that there's anything to be done about it, except maybe short the stocks of Valley mortgage lenders who will be holding a big bag of smoke when the next tech recession hits. It's supply and demand writ large, and supply is just not there.