These days, "it takes an equity event (or two) for an entrepreneur to even afford to stay [in San Francisco]," says Louis Gray head of Google Developers Live, who predicts "an odd phase of the inner city in reverse, with the less privileged fleeing to the outskirts and commuting in to work with those who've already hit it big."
Brit Morin, Silicon Valley's favorite camp counselor, is expanding her plagiarist DIY movement: the San Francisco Business Times says her macaroni-gluing firm "signed a three-year lease for a 9,700-square-foot office near Union Square," putting those investment millions to work. That's a lot of space to fill shoeboxes with glitter.
The little 7o-year-old house at 353 Carmelita Drive is about as unspectacular as American real estate gets: two bedrooms, one and a half baths, and a modest 960 square feet. Elsewhere in the country (or at least the state) you could probably snatch it up for around a quarter million, tops: but in Google's back yard, it's four times that.