Silicon Valley Immune To Housing Crisis

Over the last few days, I've covered the top growing real estate markets, the best cities to get your money's worth, and the super-rich.

All of these factors are responsible for why the Silicon Valley housing market is staying strong. Silicon Valley is such a highly populated super-rich area, that people who live there just don't have to fret about interest-rate fluctuations or the credit crunch. As Businessweek.com mentions, this could very well change if the stock market continues to take a dive.

"People here in Silicon Valley are so rich," says Los Gatos Realtor Susan Fagin. "When I first started in real estate 20 years ago, my dream was to get a doctor as a client. Now, all we want is a Google employee as a client."

Take a look at the slideshow in the article, they are ridiculously Hot Pads. 

Comments

[theinvestingspeculator]

The economy is still good for the fat cats. But, average people are having a hard time. A rising tide lifts all boats-no yachts. Consumer stocks are going to have a hard time over the next couple years. There will be less demand, because of declining consumer spending. I will tell you why@
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