They don't live the least bit irresponsibly and yet can't afford a nice and safe place to live and good food to eat.People who don't need this, like the silicon valley techies, don't need it at all, but will take advantage of the regulations- every cent they can.

Anthony Wick started a similar great discussion on this a couple weeks ago and here was a personal example I gave at that time:I have a friend in Silicon Valley; he and his wife have high income.

Looks like financial regulators have closed Silicon Valley Bank.

In light of recent events such as Silicon Valley Bank's collapse, some economists are now calling for the U.S.

Austin ranked highly, with Silicon Valley at No. 9 the only other U.S. region to make the list, which was dominated by cities in Asia.

There is no doubt that the most jobs and highest earning potential are in Silicon Valley.

& Top "Hipster" Destination in the US88 Jobs Paying Higher Wages than New York CityHome to 2nd (soon 1st) Largest University in the US ($7B in Capital Projects & 60,000+ students)Hotbed of Startups and Venture Capital- "Exodus from Silicon Valley"1st "SMART" City in the US ($50m DOT Grant)Intentionally Underbuilding to Hedge Risk...30,000+ units short of demand11-County Region with Huge Room for Growth & Expansion (3million+) over the next 20-yearsAnd if that wasn’t enough,50% of the Columbus Population RentsAll-time Record Low Homeownership for the Millennial Generation (largest population in America- bigger than Baby Boomer population)The Average Market Rent in Columbus has Climbed to $2,000/mo.

In Silicon Valley, http://www.mlslistings.com is the Multiple Listing Service.

Santa Monica is yet another "silicon beach".

He first invested as a part-time activity, and then after thirty years managing manufacturing and engineering in some of Silicon Valley’s pioneering technology companies, he put his business and management experience toward full-time real estate investing.