clock menu more-arrow no yes mobile

Filed under:

Silicon Valley Immune To Market Strife

Silicon Valley's moguls, ever insulated from the financial turbulence of mere mortals, continue to enjoy their "foreclosure-free zone" — many properties get sold without ever even making it onto the MLS. But do we sense some hopeful schadenfreude sneaking its way into BusinessWeek's copy? Notes the writer: the luck of the tech titans "could change if the stock market continues to plunge and the nation falls into a deep recession." Worse: "Most properties are not selling above asking price anymore. Now they're getting asking price." The horror. [BusinessWeek]