Monday, November 3, 2014

A Very Confusing Comment from Google CEO Larry Page

Does Page have any clue how prices are set based on supply and demand?

Despite running a company that sets its ad rates via competitive bidding, he apparently does not.

Page thinks houses in Silicon Valley are needlessly expensive.

He believes million dollar homes should be going for $50,000.

Richard Waters at the Financial Times interviewed Page, and reported the following:
Even more than technology, he puts this down to policy changes needed to make land more readily available for construction. Rather than exceeding $1m, there’s no reason why the median home in Palo Alto, in the heart of Silicon Valley, shouldn’t cost $50,000, he says.
Page does not elaborate in the interview on what "policy changes" could result in $50,000 houses in Silicon Valley.

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