Yes! It's great for my equity, I live in a million dollar Mountain View shack again and Obama can tax the crap out of me.

As long as the city keeps bringing in new employers and doesn't increase the housing density, home prices will continue to soar. Wasn't that long ago when it was common to see homes with 5 figure prices in Mountain View. Now 7 figure prices are more normal.

who hasn't? everyone i know, lives with another person that has an income (such as a couple with a home) or lives with roommates, parents, in a room....it is very hard! conversation last night was that $1500 for a 1bedroom in RWC was a deal. i am in trouble, i cant afford anything near that.

Yeah stuck in an aging, cold, draughty, leaky house. Can't afford to fix it up and sell it. If I sell it discounted, then can't afford to live anywhere else around here. Had several contractors stop by, most never even came back with a quote. Probably figured better, easier money to make somewhere else.

Can anybody explain why anybody would spend so much money for housing?
I know, you just buy property and "flip" it.
But then, you have to move into a house that somebody just "flipped" for you!
The housing bubble burst a few years ago and now everybody is trying to re-inflate it, and for what?

We rented a 2 bedroom 2 bath apt on Villa St. 4-6 yrs ago for $1900/mo.
Moved into larger rentals to care for a relative. Back apartment hunting. Just saw same apartment for rent starting at $2500/mo which is more than a 25% increase in four years. We are a teacher and a carpenter, standing next to high newly transplanted high tech Googlers at apartment viewings and getting turned down. Does a giant high tech company bring a influx of new energy and resources? Or does it just replace the great energy that was already there and force long time residents to move away?