30 May
2000
30 May
'00
4:01 a.m.
> I still don't get the idea - Silicon Valley
(Contra Coast, Alameda and
> Santa Clara), an area 4 times larger than Munich (City of Munich and
> Munich county) and just roughly the same population, and you're talking
> about skyrocketing prices ? maybe they should start to build something
> (preferable something other than highways).
It would appear as if more people want to live in
Silicon Valley than Munich.
Known here as well - I whish we could build City gates and charge
a commuter Tax (Lets say USD 10 per car) _and_ install some immigration
law to regulate the number of new citicens per year somewhere near
Zero - I wouldn't mind Americanos or even French, as long as we get
less immigrants from other Parts of Germany (read Prussians :).
The average house in Silicon Valley costs $577,280
(Source: SJ Mercury News,
29 May 2000, page 7B). ( That's 1.216.791 DM at today's exchange rates, or
622.134,66 Euros. )
House prices in Munich _start_ somewhere at ~1.2m DM (~600 kUSD) for
connected houses, while single houses _start_ at about 1.7m DM (~800 kUSD)
so there's still room :)
Commercial real estate has undergone similar
escalation, with landlords now
commonly asking for substantial percentages of stock in pre-IPO companies
in addition to high rents. I know personally of a deal that fell through
because the company that lost was unwilling to give approximately 1% of the
outstanding stock to the landlord (in addition to the high rent); the
"winning" company gave more stock+cash.
That's the new thing - I don't know about any similar stuff in Muncih.
If Silicon Valley weren't Paradise (esp. for
geeks), it wouldn't make
sense... But...
Now we're back on topic - is it still a paradise if surplus dealers and
other sources of fun gear are closing down ?
Gruss
H.
--
VCF Europa 2.0 am 28./29. April 2001 in Muenchen
http://www.vintage.org/vcfe
http://www.homecomputer.de/vcfe