[guymcgwire]

Right now there are a total of 5 houses or townhouses under $2.5M listed for sale in Palo Alto with the cheapest being a cute 1200 sq ft 3BD/2BA house for the low price of $1.68M.

The Palo Alto/Los Altos/West Menlo Park areas have fought hard to prevent housing development (NIMBY!). Recently a small number of luxury homes were built in the Barron Park part of Palo Alto. The homes sold quickly for $4.5M and up. Meanwhile, on the same small street in Barron Park, there are currently five homeless people living out of their cars and three trailer homes. They use the adjacent park's open public bathroom.

I don't think the departure of Tesla HQ will have much of an impact on the town, which is a shame. Something bad is festering beneath the pristine surface here.