06-19-2019, 01:06 AM
(06-18-2019, 11:00 PM)jeffster Wrote:(06-02-2019, 11:05 AM)Spokes Wrote: Those are insane prices for that location
I am more impressed that there are people that can afford and want to live in that type of setting. I am wondering how much a detached home would go in that area -- mind you, you don't often see 'For Sale' signs.
I admit the marketing for Otis is definitely more "downsizing boomer" than "young tech money", but I don't think people realize just how much new tech money has appeared in KW in the past few years. I'm not surprised at all that there's people that can afford the units, and want a condo downtown over a house.
Shopify has hired a lot over the past few years, and most them have gotten large stock grants. Combine with the current run-up in their stock, and there's hundreds of young people newly able to afford these units. The same cycle applies at Google, etc.
The number of 20-somethings I know making $200k+/year has rapidly gone from zero to many. We're only getting started in seeing the resulting changes to local real estate.