Sunday, November 9, 2008

Silicon Valley Real Estate Always Goes Up

Yeah, in Bizzaro World, maybe. Where I'm a tiny chihuahua that will settle for one whole stomach-distending Chicken McNugget in lieu of the bucket I require. Yet not a couple years ago not a few otherwise sober people would foamingly recite this supposed tautology to my inconsistently nodding face. This movie never having played before--in any way, shape, or form--who could imagine any other ending?

Anyhoo, this week's Dataquick data via View from Silicon Valley shows that the median Santa Clara County (aka Silicon Valley) "home"* price dropped a bit, from $795k ($489/ft) for the week ending 10/16/07, to $538k ($348/ft) for the week ending 10/15/08, the latest for which data has been posted. 'Tis just a flesh wound, I'm sure. Certainly couldn't get any worse, say most who never saw this coming in the first place.

*Am I the only pedant that thinks the concept of home can be attached to any location--or a state of mind, even--and that what is generally traded is a structure more properly called a house? Subliminal marketing at its most capital, methinks.

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