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Least affordable place for tech workers? Silicon Valley


9:00 AM MYT
Pinto believes the spread of remote work will only accelerate migration from the Bay Area. With new workplace flexibilities, tech workers have a choice between high-cost regions near their offices and low-cost regions with bigger houses and remote work. 123rf.com
Techies flock to Silicon Valley for jobs, weather, great food, art and nightlife, but for some one thing is missing: a home they can afford.
Despite high salaries and world-class amenities, San Jose is the least affordable place for tech workers to buy a home. A new analysis by the American Enterprise Institute found the typical tech worker and his or her partner – with two incomes totaling US$200,000 (RM809,100) – can afford just 12% of the homes for sale in the San Jose metro area. ....

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Maryam S. Dickey, Author at Inman


Maryam S. Dickey
Maryam has consistently been among the top 1% of residential real estate agents in the United States, specializing in high-end luxury. Her expertise covers all aspects of the real estate transaction, including upsizing, downsizing, investment plannin. Read more
Maryam has consistently been among the top 1% of residential real estate agents in the United States, specializing in high-end luxury. Her expertise covers all aspects of the real estate transaction, including upsizing, downsizing, investment planning, negotiating, marketing, and tax-deferred 1031 Exchange transactions. Maryam has over 26 years of experience in many phases of the commercial and residential real estate business. She has been awarded the “Outstanding Achievement Award” in Listing and Sales Production by the Silicon Valley Association of Realtors. ....

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