Will Housing Costs Harm Silicon Valley?

As housing rents soar in Silicon Valley experts debate whether housing costs will harm the Silicon Valley economy.

Read Time: 1 minute

August 3, 2000, 12:30 PM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech


Rents for vacant apartments in have shot up by double digits in San Mateo, Santa Clara, Alameda County, and San Francisco Counties. As housing rents soar experts debate whether housing costs will harm the Silicon Valley economy."Michael Teitz, director of research at the Public Policy Institute of California, said the soaring rents are a classic sign that the superheated real estate market is nearing the peak." "

Thanks to Abhijeet Chavan

Thursday, August 3, 2000 in San Jose Mercury News

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