Finally, some good news about the Silicon Valley housing crisis

Finally, some good news about the Silicon Valley housing crisis

Typically, most of the news we hear regarding the Silicon Valley housing is regarded as a "crisis", but last week the Mountain View City Council took a huge step in a positive direction. The city approved a new planning document for the North Bayshore district (Google-land), which plans for the creation of 10,250 high density units. This would be a substantial increase, considering that Mountain View currently has about 32,000 households total. Now the next step is to see who is willing to build these units, keeping in mind the high land prices and the low income housing requirements. So far, Google (for obvious reasons) and Sobrato are the only two companies that have expressed an interest in building. Hopefully this move by the Mountain View City Council will be implemented in other areas in the Silicon Valley.

To check out the planning document: http://mountainview.legistar.com/gateway.aspx?M=F&ID=fdb717c2-ba5a-4dce-a669-86d255263e53.pdf

To read the entire article, go to: http://www.vox.com/2016/3/7/11173750/google-silicon-valley-housing-crisis

 

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Rising Silicon Valley Rents: A Mountain View Tale

Rising Silicon Valley Rents: A Mountain View Tale

Bay Area Real Estate, in a lot of ways, is gauged as a whole but any local Realtor and they will tell you it consist of micro markets. For example, Mountain is benefiting from the overall upswing in the market as well as an additional push from the tech sector. Currently, Google, has been helping push the housing numbers up, both sales and rentals,  because of the lack of inventory.  This article illustrates just how expensive it has become.

To the read the entire article, go to: http://swtimes.com/business/rising-silicon-valley-rents-mountain-view-tale

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