Property News · November 5, 2018

As tech giants move in, rising rents and home prices push minority households out of East Palo Alto


East Palo Alto in California is a poor city surrounded by the temples of the new American economy, which has – in nearly every way imaginable – passed it by.
Just outside the northern city limit, Facebook is expanding the blocks-long headquarters it built seven years ago. Google’s offices sit just outside the southern edge, and just a few miles to the west, Stanford University stands as the rich proving ground of the economy’s future. Amazon just moved in.
US mutual fund…

Source : South China Morning Post
Read more…As tech giants move in, rising rents and home prices push minority households out of East Palo Alto

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