This is also true of places! I was shocked to learn that the 1,100 square foot 1950s house I grew up in is at $850,000 on Redfin. But in the 1990s, my town was a boring faceless suburb near a dangerous city (DC). It didn’t have a Whole Foods, nor did it have whatever the the equivalent of Whole Foods was in the 1990s. The town itself moved dramatically upmarket in the last 30 years.
Much of Silicon Valley also fits the bill of places that were drab faceless suburbs in the 1980s when people’s parents bought houses there. But it’s not like there wasn’t expensive suburbs in the 1980s. It’s just that Mountain View today occupies the same market position Scarsdale NY or Greenwich CY occupied in the 1980s.
Much of Silicon Valley also fits the bill of places that were drab faceless suburbs in the 1980s when people’s parents bought houses there. But it’s not like there wasn’t expensive suburbs in the 1980s. It’s just that Mountain View today occupies the same market position Scarsdale NY or Greenwich CY occupied in the 1980s.