In today’s San Jose Mercury News, long-time Silicon Valley reporter and columnist Michelle Quinn asks this question: What if this tech boom is, gulp, not a bubble after all, but a major, sustained period of growth?
It is a question surfacing more and more in Silicon Valley. Reverberations from the “prosperity bomb,” as Quinn calls it, undoubtedly will be long lasting. Most Silicon Valley veterans do not believe the area is in a “bubble,” but they do believe there will be an economic slow down. That won’t help the housing / jobs imbalance, however. Will all of Silicon Valley’s individual government parts be able to come together in a more regional way? Time will tell. In the meantime, here’s a part of Quinn’s column and a link to the full column if you’d like to read more.
Quinn: The housing crisis ahead of us