That’s thanks to zoning laws that restrict construction combined with the expanding population of highly paid workers in Silicon Valley’s burgeoning technology industry. The San Francisco Bay Area has long been one of the most expensive property markets in the United States, with single family homes selling for about three times the national average. “Unfortunately that’s not possible out here anymore.” ![]() I look at some of my friends who grew up locally with parents who ran small businesses and could make it out here,” he said. “Without our tech salaries it would be fairly impossible to buy a home. ![]() ![]() “But it was a relief to know that even if I moved away now, I might even make a profit.” Mo is aware that he’s in a fortunate position, financially. Mo, who grew up in the Bay Area and developed a savings plan in his early 20s, has continued to track real estate prices in his new neighborhood and was reassured to see that some nearby homes have recently sold for more than $500,000 over list price.
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