Average prize of a house in Palo Alto is $2.5 million (when I used to go to Stanford grad school back in the late 70’s, average prize was $30k!). Young people and young firms cannot afford these prices. I guess the city wants to keep its quality of life. Some cities/regions may say “We wish to have the same problem!”… But here’s an opportunity for other regions to brainstorm and elaborate solutions… partnerships?
Read the NYTimes article and watch the short video here.