There is no doubt Silicon Valley real estate is expensive. But this article is extreme.
For starters, Los Gatos is an upscale city nestled down at the bottom of SV. Bentleys and Ferraris are everywhere and the Tesla Model S is a downright common car. It's not representative.
If you look around in San Jose, Campbell, Mountain View, Sunnyvale, etc, the prices come down and quality goes up. No, they don't approach the national average, not even close. But 1.5 million for a fixer upper is ridiculous.
For starters, Los Gatos is an upscale city nestled down at the bottom of SV. Bentleys and Ferraris are everywhere and the Tesla Model S is a downright common car. It's not representative.
If you look around in San Jose, Campbell, Mountain View, Sunnyvale, etc, the prices come down and quality goes up. No, they don't approach the national average, not even close. But 1.5 million for a fixer upper is ridiculous.