Reply to Lyon Village - please explain

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]LV commands a premium because in this area, you have people who can afford $3M houses but who still need to schlep downtown to work long hours every day. They want an easy commute, safe neighborhood and nice single family houses.  [/quote]

But why dumpy Lyon Village (just being honest) vs something lovely just a little further out? These high earners are no doubt driving to work anyway.

Hence my theory: invasion of the super rich FAANGs. [/quote]

There may be a few FAANGs who’ve bought recently but it’s been like this for many years.

Just because *you* have discovered it recently doesn’t mean it’s a recent phenomenon. [/quote]

Houses have been selling for $3 mil there for years? Please support, with data. [/quote]

Houses have been priced significantly higher than "a little further out" for many years. As housing prices everywhere skyrocketed this past year, so did LV. Maybe a little extra boost since there was pent-up demand. 
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