There are some leaderboards you just don't want to be at the top of, and this is one of them. The San Jose metro is the most expensive place to buy a home in the country, and we just set a new benchmark. The median (not average, but median) price of a single-family home in the San Jose metro is now over $2 million. This is a staggering amount anywhere in the world.
For comparison, San Francisco is ranked as the second most expensive place for single-family homes in the United States and the median price is $1.5 million.
We need creative solutions to work on reducing housing costs. On Wednesday I'll post an out-of-the-box idea that is very Silicon Valley.
Source:
SFGATE
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