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Real Estate
Reply to "My friend’s home in Palo Alto tripled in value in 10 years!"
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[quote=Anonymous]The tech stock market yields a lot wealth too. People ended up making hundreds of thousands more in income because the stock value on the number of shares they negotiated a few years ago skyrocketed. There are multigenerational families that pool their cash. Foreign investment is also pretty high. Wealthy Chinese seem to park money in London and the Peninsula to South Bay. Rents are still sky high. To rent a four bedroom house in Los Gatos it would be around 7 K a month, probably 8 K. Really nice larger homes are over 10 K a month. In Atherton and Los Altos there are rentals at 20-40k a month. [/quote]
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