This is a syndicated repost published with the permission of Confounded Interest. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
According to the California Association of Realtors, the San Francisco Bay Area (including Silicon Valley,
Yes, San Francisco and the Bay Area is simply unaffordable … if you aren’t Mark Zuckerberg or a similar 1%’er.
Yes, The Federal Reserve has done it’s part in shrinking negative equity by its ZIRP and QE. But also making housing unaffordable for many Californians.
And the percentage of 18-34 year olds (Millenial Falcons) are still living in their parents’ home.
I wouldn’t mind living in Zuckerberg’s basement …
except that Zuckerberg already has 16 armed bodyguards living there.
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