Price Condition of Housing Too Expensive in Silicon Valley
It is said that the home prices in the Bay Area or Silicon Valley in particular are so out of reach for many families of middle income group. Even for the high paid tech workers of big companies, the housing here is not affordable. This is the very observation of a study conducted by a real estate startup Open Listings.
It is said that the so-called techies can come close to owning a Silicon Valley home than other workers like teachers, service industry workers and others. But lately, there is now a signal of the area’s explosive housing costs that home ownership is not that easily obtainable by these techies or high salaried engineers.
In order to pay a home which is 20 minute away from their offices, software engineers for example at the Bay Area tech big companies have to …