Archinect - News2024-12-22T03:44:32-05:00https://archinect.com/news/article/149960645/even-the-wealthy-are-having-trouble-buying-homes-in-silicon-valley-so-lenders-are-offering-zero-down-loans
Even the wealthy are having trouble buying homes in Silicon Valley, so lenders are offering "zero-down loans" Amelia Taylor-Hochberg2016-07-29T14:01:00-04:00>2016-08-02T02:03:43-04:00
<img src="https://archinect.gumlet.io/uploads/d0/d0jo40fwsa53lybg.png?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><em><p>Lenders often give special treatment to the wealthy, of course, but the tech industry has created a particularly ripe crop of clients who are rich or on their way. [...]
“Lenders get so caught up trying to stay competitive and finding a market edge, they basically allow greed to overcome common sense ... Easy money does fuel and accelerate the inevitable bubble.”</p></em><br /><br /><p>Related on Archinect:</p><ul><li><a title="Facebook enters the housing market – and it's probably not a good thing" href="http://archinect.com/news/article/149960015/facebook-enters-the-housing-market-and-it-s-probably-not-a-good-thing" rel="nofollow" target="_blank">Facebook enters the housing market – and it's probably not a good thing</a></li><li><a title="Google acquires LinkedIn's HQ in huge, unexpected property swap" href="http://archinect.com/news/article/149957713/google-acquires-linkedin-s-hq-in-huge-unexpected-property-swap" rel="nofollow" target="_blank">Google acquires LinkedIn's HQ in huge, unexpected property swap</a></li><li><a title="What's the newest project for Silicon Valley investors? Building cities" href="http://archinect.com/news/article/149954668/what-s-the-newest-project-for-silicon-valley-investors-building-cities" rel="nofollow" target="_blank">What's the newest project for Silicon Valley investors? Building cities</a></li><li><a title="Silicon Valley is set to get over 10K more housing units – is this the beginning of the end of its housing crisis?" href="http://archinect.com/news/article/149915339/silicon-valley-is-set-to-get-over-10k-more-housing-units-is-this-the-beginning-of-the-end-of-its-housing-crisis" rel="nofollow" target="_blank">Silicon Valley is set to get over 10K more housing units – is this the beginning of the end of its housing crisis?</a></li><li><a title="Apple's next, HOK-designed Silicon Valley spaceship revealed" href="http://archinect.com/news/article/138032380/apple-s-next-hok-designed-silicon-valley-spaceship-revealed" rel="nofollow" target="_blank">Apple's next, HOK-designed Silicon Valley spaceship revealed</a></li></ul>