A $1.5 million home in Sunnyvale, California.
Google CEO Larry Page thinks houses in Silicon Valley are needlessly expensive.
He believes million dollar homes should be going for $50,000.
Richard Waters at the Financial Times interviewed Page, and reported the following:
“Even more than technology, he puts this down to policy changes needed to make land more readily available for construction. Rather than exceeding $1m, there’s no reason why the median home in Palo Alto, in the heart of Silicon Valley, shouldn’t cost $50,000, he says.”
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Source News: businessinsider.com