Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

What recession? It's boom time again in Silicon Valley (LAT)

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
somone Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-17-11 08:32 AM
Original message
What recession? It's boom time again in Silicon Valley (LAT)
Edited on Sun Jul-17-11 08:34 AM by somone
http://www.latimes.com/news/custom/la-fi-tech-boom-20110717,0,193060.story

What recession? It's boom time again in Silicon Valley
Investors pile into Internet IPOs and start-ups, making overnight millionaires. House prices and salaries soar. Another dot-com bubble? Maybe, but with differences.
By Jessica Guynn, Los Angeles Times

Reporting from Palo Alto — As she unloaded groceries in the driveway of her Palo Alto home, Lisen Stromberg was approached by a real estate broker who asked whether she'd be willing to sell her five-bedroom house to a senior Facebook executive.

"There is a house down the street selling for $6.3 million. I'll sell you mine for an even $6 million," she replied.

Her tongue-in-cheek asking price was about twice what her house is worth, but the broker didn't miss a beat and said he would speak with his client.

"When I told my husband, he laughed and said: 'Here we go again,'" Stromberg said.
Printer Friendly | Permalink |  | Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC