Silicon Valley Flashcards
(13 cards)
1
Q
Why are commutes increasing in Silicon Valley?
A
Lack of affordable homes
2
Q
House price for 30-min commute?
A
$1.5–$2 million
3
Q
Affordable housing shortage?
A
Over 58,000 homes
4
Q
What percent of low-income renters are ‘rent poor’?
A
0.75
5
Q
Rent poor definition?
A
Spend over 30% of income on rent
6
Q
Percent of neighbourhoods facing displacement?
A
0.34
7
Q
Why do companies cluster in Silicon Valley?
A
Shared suppliers and services
8
Q
Benefit of clustering?
A
Innovation and faster problem-solving
9
Q
Examples of major companies there?
A
Google, Apple, Meta
10
Q
Key source of skilled workers?
A
Stanford University
11
Q
Why does it attract global talent?
A
High wages and career growth
12
Q
Proximity to which airport?
A
San Francisco International
13
Q
What does advanced infrastructure support?
A
Global trade and communication
