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Map of insanely overpriced Palo Alto homes

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In a short amount of time, the former suburb known as Palo Alto has gone from a sleepy Peninsula town that bred the likes of Teri Hatcher and James Franco to giving birth to some of the world’s most noteworthy tech outfits. Just to name two, Google and Facebook (then known as TheFacebook) got their starts here.

While the town has welcomed both new business and a jarring influx of commuters, it has gone out of its way to castrate housing growth and public transit. But what it lacks in livability and much-needed housing, it more than makes up for in bonkers asking prices.

Here now are several reasons why people are leaving Palo Alto for more affordable grounds.

Also, be sure to read Palo Alto Planning and Transportation Commissioner Kate Vershov Downing'a now famous letter of resignation and recent interview with Stanford Political Journal. This should help provide some perspective.

"If things keep going as they are," warns Downing, "Palo Alto’s streets will look just as they did decades ago, but its inhabitants, spirit, and sense of community will be unrecognizable."

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1. 1425 Harker - $6,950,000

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1425 Harker Ave
Palo Alto, CA 94301

The skinny: This Spanish-style contemporary home is lovely but hardly an original piece. You might find homes similar to this in other parts of California for far less, especially in Orange County. It comes with five beds, four baths, and 3,290 square feet.

2. 1027 Waverley - $4,500,000

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1027 Waverley St
Palo Alto, CA 94301

The Skinny: The 2,000-square-foot, four-bed home dates to 1923. It is literally falling to pieces. On the plus side, it chopped $500,000 off its asking back in June. On the bad side, it's $4,500,000. All said, though, it has a lovely Grey Gardens vibe.

3. 544 Georgia - $1,998,000

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544 Georgia Ave
Palo Alto, CA 94306

The skinny: This lovely home has been well cared for over the years, featuring wood accents galore and even a jacuzzi. Most likely, though, this will be torn down for something more contemporary. One of the cheaper offerings on the list.

4. 252 Seale - $4,100,000

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252 Seale Ave
Palo Alto, CA 94301

The skinny: This 1940 home is adorable, coming in at four beds, three baths, and 2,104 square feet. Ideal for a family or a starter home. If this were 2001. But in 2016, this pricey abode has an asking rivaling new constructions in San Francisco's Noe Valley and Pacific Heights, conceived by starchitects. Whoa, indeed.

5. 727 De Soto - $3,950,000

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727 De Soto Dr
Palo Alto, CA 94303

The skinny: You can't have a bonkers list without tossing in an exceptional Eichler. And this one features the noted developer's signature touches—paneled ceilings, exposed beams, midcentury finesse. But for that price tag we want that carpet ripped out, rolled up, and sent to the moon. Gorgeous home; out-of-control price. But still, it is an Eichler. So there's that.

6. 945 Hutchinson - $3,395,000

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945 Hutchinson Ave
Palo Alto, CA 94301

The skinny: Hardwood floors, formal living room, soaring ceilings, separate spacious formal dining room, large gourmet kitchen—this place is fabulous and exceedingly charming. It's also astronomically priced and out of any typical's family's price range. Alas.

7. 820 Hamilton - $3,280,000

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820 Hamilton Ave
Palo Alto, CA 94301

The skinny: This Spanish Mediterranean villa is rich with a California vibe. Got to love a Spanish Mediterranean. They're alluring and quaint without ever coming off as cloying. What is resistible, however, is that asking price. Oof.

8. 473 E Meadow - $2,798,000

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473 E Meadow Dr
Palo Alto, CA 94306

The skinny: Coming in at four beds, three baths, and 2,334 square feet, this 2007 construction has an eye-grabbing hardwood spiral staircase. Also eye-catching is the asking price, which isn't affordable for most people in the Bay Area. Maybe if there were more of them some relief could be felt.

9. 3060 Cowper - $2,498,000

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3060 Cowper St
Palo Alto, CA 94306

The skinny: Classic California ranch has been updated with contemporary touches. It comes in at three beds, two baths, and 1,618 square feet. But if we may, an asking price like that deserve a sweeping staircase at the very least.

10. 1701 Bryant - $17,498,000

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1701 Bryant St
Palo Alto, CA 94301

The skinny: We would be remiss not to include Palo Alto's most expensive home on the market. This 1913 brick facade home with mill windows comes with heaps of privacy. Its price tag isn't too (?!) off, but it's still out there. For comparison's sake, 1701 Bryant last sold in 2009 for $3,000,000. Ahem.

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1. 1425 Harker - $6,950,000

1425 Harker Ave, Palo Alto, CA 94301

The skinny: This Spanish-style contemporary home is lovely but hardly an original piece. You might find homes similar to this in other parts of California for far less, especially in Orange County. It comes with five beds, four baths, and 3,290 square feet.

1425 Harker Ave
Palo Alto, CA 94301

2. 1027 Waverley - $4,500,000

1027 Waverley St, Palo Alto, CA 94301

The Skinny: The 2,000-square-foot, four-bed home dates to 1923. It is literally falling to pieces. On the plus side, it chopped $500,000 off its asking back in June. On the bad side, it's $4,500,000. All said, though, it has a lovely Grey Gardens vibe.

1027 Waverley St
Palo Alto, CA 94301

3. 544 Georgia - $1,998,000

544 Georgia Ave, Palo Alto, CA 94306

The skinny: This lovely home has been well cared for over the years, featuring wood accents galore and even a jacuzzi. Most likely, though, this will be torn down for something more contemporary. One of the cheaper offerings on the list.

544 Georgia Ave
Palo Alto, CA 94306

4. 252 Seale - $4,100,000

252 Seale Ave, Palo Alto, CA 94301

The skinny: This 1940 home is adorable, coming in at four beds, three baths, and 2,104 square feet. Ideal for a family or a starter home. If this were 2001. But in 2016, this pricey abode has an asking rivaling new constructions in San Francisco's Noe Valley and Pacific Heights, conceived by starchitects. Whoa, indeed.

252 Seale Ave
Palo Alto, CA 94301

5. 727 De Soto - $3,950,000

727 De Soto Dr, Palo Alto, CA 94303

The skinny: You can't have a bonkers list without tossing in an exceptional Eichler. And this one features the noted developer's signature touches—paneled ceilings, exposed beams, midcentury finesse. But for that price tag we want that carpet ripped out, rolled up, and sent to the moon. Gorgeous home; out-of-control price. But still, it is an Eichler. So there's that.

727 De Soto Dr
Palo Alto, CA 94303

6. 945 Hutchinson - $3,395,000

945 Hutchinson Ave, Palo Alto, CA 94301

The skinny: Hardwood floors, formal living room, soaring ceilings, separate spacious formal dining room, large gourmet kitchen—this place is fabulous and exceedingly charming. It's also astronomically priced and out of any typical's family's price range. Alas.

945 Hutchinson Ave
Palo Alto, CA 94301

7. 820 Hamilton - $3,280,000

820 Hamilton Ave, Palo Alto, CA 94301

The skinny: This Spanish Mediterranean villa is rich with a California vibe. Got to love a Spanish Mediterranean. They're alluring and quaint without ever coming off as cloying. What is resistible, however, is that asking price. Oof.

820 Hamilton Ave
Palo Alto, CA 94301

8. 473 E Meadow - $2,798,000

473 E Meadow Dr, Palo Alto, CA 94306

The skinny: Coming in at four beds, three baths, and 2,334 square feet, this 2007 construction has an eye-grabbing hardwood spiral staircase. Also eye-catching is the asking price, which isn't affordable for most people in the Bay Area. Maybe if there were more of them some relief could be felt.

473 E Meadow Dr
Palo Alto, CA 94306

9. 3060 Cowper - $2,498,000

3060 Cowper St, Palo Alto, CA 94306

The skinny: Classic California ranch has been updated with contemporary touches. It comes in at three beds, two baths, and 1,618 square feet. But if we may, an asking price like that deserve a sweeping staircase at the very least.

3060 Cowper St
Palo Alto, CA 94306

10. 1701 Bryant - $17,498,000

1701 Bryant St, Palo Alto, CA 94301

The skinny: We would be remiss not to include Palo Alto's most expensive home on the market. This 1913 brick facade home with mill windows comes with heaps of privacy. Its price tag isn't too (?!) off, but it's still out there. For comparison's sake, 1701 Bryant last sold in 2009 for $3,000,000. Ahem.

1701 Bryant St
Palo Alto, CA 94301