All the Apple/Netflix/Nvidia/Google employees bidding like crazy in this area (94087/95014/95129/95051) - add good schools on top of this like CUSD, Sunnyvale, Moreland, Sutter Elementary etc. The commute to offices and close proximity to everything adds a cherry on top. Obviously Saratoga, Los Altos are out of range and only affordable to FAANG execs.
Yeah, Google people can take 85 (and you could continue onto the 101), Apple people can access the Lawrence Expressway, the 17&85 connect with Netflix, and the San Tomas Expey connects to NVidia. Also, real estate developers know this area is booming which is why so much new stuff is built there and coming there — Main Street Cupertino, the Valley Fair expansion, and a few years ago they renovated and added a Dolby theater to the Saratoga movie theater. Many favorite foodie restaurants are in the West San Jose area, also.
You forgot the all-time-pay-master and all-time-stock-high Meta employees coming after those houses?
Meta has kind of a unique location being off by itself, also, even now its market cap just got back over 1T, so it doesn’t drive the market as much as the other companies. But I’ve known several families who live in the Golden Triangle area and take the 85 to the 101 to Meta, especially when one spouse works at Meta, and the other spouse works in the South Bay.
Meta has a big presence in Sunnyvale off 237
$2M homes the size of my small ass apartment
Yeah it’s crazy but most economic centers of the world are like this. It’s not like you can have 4,000 sqft and a huge yard in the middle of Wall Street, London, or Tokyo. I think the AI boom is going to be the biggest tech boom ever, and it’s going to go down into the history books for how big the economic impact will be. So the people who own “laughably” small properties in the technological and economic center of the world are probably going to do alright.
I’m bearish on Bay Area real estate, I don’t think it’s sustainable. I’m bearish on the AI wave as well. So many people leaving. Most people buying homes in the Bay Area are immigrants coming from worse places and a relatively tiny home in a nice area is better than where they came from I’d imagine most people born/raised in the US are like me. My parents were middle class in TX, I lived in a ~2700 sqft home. My mom’s single now and lives in a ~2600 sqft 4/2.5 with a home theatre and 3 car garage, she makes like 90K a year. I can’t imagine moving to the Bay Area and getting so little for so much money, seems miserable. People over there are paying 7 figures for what would be low income housing in 95% of the US.
Absolutely if I had a $40M net worth I would take $8M of it and buy a 4-plex or small condo building inside that triangle, south of El Camino Real, with a good commute to NVDA, renovate it to the liking of tech workers, and just milk AI tech workers for rent money over the next 20 years and it would make so much money. The best investment in the world right now is NVDA. The second best investment in the world right now is collecting housing money from NVDA employees over a 10+ year timeframe. So much of the wealth from tech ultimately flows to the landowners.
oh sweet child, but NVDA employees all have $40M net worth😉
Nah, I bet at least a third of NVDA employees don’t own a sfh yet and I could make a ton of money buying a house with a good commute to NVDA within the next year and selling it to them a few years from now. Plus, the really big real estate money comes from the employees to come — think about the tens of thousands of new employees NVDA will hire in the coming years and the ecosystem of AI companies that former NVDA employees are going to start. All of those employees are going to need someplace to live. In Silicon Valley, the only sure winner is the person selling housing to the richest employees.
I call that the superfund.
South of homestead has no superfund concern. Superfunds were a dealbreaker for me so I bought in that region.
Facts