The numbers are exploding: people can’t afford to live near where they work. Near means within half an hour or so from home to workplace (see my recent blog) . Now, in an article by George Avalos in the San Jose Mercury News, the plight is laid out for the Silicon Valley. Titled Housing woes spur Bay Area residents to ponder exodus from costly region, poll says, Avalos writes that the battle between ever-so-slowly-growing supply and bursting demand for homes in the valley clearly affects prices. “In July, the median price of a single-family home in the nine-county Bay Area was $804,000, up 10.1 percent from a year earlier ” Avalos wrote. Mind boggling.
There are two possible solutions to this dilemma: a) suddenly become immensely rich; b) move to your employer’s facilities full time or; c) move to where you can afford the housing. The second option evokes, mostly negative visions of the company town. The third option requires some serious thought.