It seems as far from Facebook as possible with victorian style houses and even a drive through dairy that serves ice cream soft-freeze cones. Old town enough that a horse going by on any street would not come as a surprise. Many people have known each other and their families for generations, like the owners of the Dairy. Third generation. In so many ways it seems like middle America from sixty years ago- until you look at home prices. This isn't Kansas, no. It's the prices of Pleasanton homes that brings you back to reality. This quaint, well preserved Americana town is definitely in the sway and influence of the tech companies of silicon valley and has a little tech influence of its very own with indeed.com listing 693 Tesla Motors jobs available in Pleasanton. The backdrop, of course is over on the peninsula with Palo Alto and Facebook at the eye of the tech storm.
Just how much influence does the tech industry have way over here in Pleasanton? Well the median Palo Alto home price is $2.5 Million. That's million. Not for large new KB or Lennar homes either. Sixty year old 1200 square foot cracker boxes are passing up the $2M marker. It's pathetic and no one can afford to buy there except very wealthy and investors. And there's no end in sight yet. At least you can still bank on homes under $1M in Pleasanton- barely. The median price is $961,500 so in practical terms, get your fat wallet out (it had better be) if you want to live anywhere in the San Francisco Bay area. Facebook and the tech sector hold sway over the entire market like the Borg.
It was late October when I visited Houston took these photographs. There was no hint of autumn in the air anywhere either during the day or at night. We drove casually through the neighborhoods of River Oaks and Tanglewood taking in the sights and sounds of these traditional planned communities just minutes from the hustle and bustle of downtown Houston. Real estate here is typically low on cost, high on value and always exceptionally high on delivery of upscale lifestyle on relatively modest terms. Houston is the world's 30th largest economy. Its economic base is diverse despite his reputation for oil-based business. This includes international business–of the worlds top 100 non-US corporations, more than half have operations in Houston. Only New York City has more Fortune 500 headquarters within its city limits.
Houston real estate inherently retains intrinsic value based not on speculative real estate prices but on the health and robustness of its local economy. Real estate in Houston was relatively immune to the housing bubble of 2006 and 2007 and it remains appropriately valued to the present. This holds true for both Houston luxury real estate as well as tract homes and condominiums.
Land-use in Texas is generous compared to most states which has contributed to the stability of the real estate sector throughout the state.