Facebook CEO Mark Zuckerberg replacing 4 next-door Palo Alto homes

Facebook CEO Mark Zuckerberg replacing 4 next-door Palo Alto homes

What do you do when a developer is planning on building a home next door to you with views of your back yard? You buy the development; at least, that's what Mark Zuckerberg does. Recently the CEO of Facebook paid $30 million for 1462 Edgewood Drive, as well as 1451, 1457 and 1459 Hamilton, all properties are located in the Crescent Park neighborhood. Zuckerberg's new plans for the properties include an overall reduction in the homes square footage, with a focus on blending the properties into the surrounding gardens. It is unclear if Mark plans on selling these properties or keeping them, but if privacy is his main concern, not selling would be the obvious choice.

To read the entire article, go to: http://www.siliconvalley.com/news/ci_29920573/facebook-ceo-mark-zuckerberg-replacing-4-palo-alto

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Silicon Valley billionaire demands $30m to restore access to former public beach

Silicon Valley billionaire demands $30m to restore access to former public beach

Just the title of this story brings up all kinds of emotions. I can remember back in 2008 when the property was purchased by Vinod Khosla, a Silicon Valley Billionaire. The purchase included all of the existing land leases that were in place, so for all of the people who had leases, they could continue to enjoy their homes but only until the leases expired. A lot of families grew up going to Martin's Beach, and now Vinod has decided that he wants the beach to be private, meaning that no one can access this portion of the coast any longer. To top it off, he has now demanded that if he does restore public access, the State of California must pay him $30 Million. I, for one, am all for peoples right to own property and have privacy, but where do we draw the line? Do you think Mr. Khosla should be able to keep Martin's Beach private?

To read the entire story, go to: http://www.theguardian.com/us-news/2016/feb/23/vinod-khosla-martins-beach-silicon-valley-billionaire-public-access-beach

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Why millennials are staying away from homeownership despite an improving economy

Why millennials are staying away from homeownership despite an improving economy

There are approximately 80 million millennials currently in the U.S., and they are poised to be one of the biggest influences on our market since the baby boomers. However, it seems like every time you turn around, there is another article about how they are not going to enter the housing market. The truth is that it's not that they aren't going to buy a home, it's simply that they are waiting to buy. There are many factors that influence this, from how their parents raised them, higher student debt, and the housing market itself. Recent surveys have shown that less than 20% of new construction has been for entry level (first time buyer type) properties. To summarize, what the article is implying is that there are plenty of millennials who will eventually be looking to buy, the opportunity is just not as easily accessible to this generation as it was to previous generations at this same point in their lives. Let me know your thoughts about this.

To read the entire article, go to: http://www.latimes.com/business/la-fi-0301-housing-economy-20160301-story.html

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The world’s largest green roof, with an orchard and a vineyard, is planned for Silicon Valley

Typically when you hear about new developments regarding housing or commercial, it is terms of maximum number of units or the highest profit. That doesn't seem to be the case with the the recent purchase of the failed Vallco Mall. Sand Hill, the Silicon Valley Real Estate Company who picked up the 50-acre property, has very ambitious plans to change the landscape (literally) of large future builds. This project will feature an orchard, vineyard, 3.8 miles of walking trails and a 30-acre rooftop park. I can't wait to see this as a common practice for builders, and think that it is about time we started seeing this kind of vision for Silicon Valley.  

To read the entire article, go to: http://qz.com/504511/this-cupertino-real-estate-company-wants-to-build-the-worlds-largest-green-roof/