Techies snatching up more real estate in Southern California

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“We’ve seen an uptick in buyers from the technology industry over the last several years 鈥?some moving to Los Angeles and some [url=http://www.atouscoeurs.be/images/maillot_officiel_milan_ac_500143.html]maillot officiel milan ac[/url]
buying second homes here, as a kind of peaceful retreat,” Charles Black, executive vice president of marketing and strategic development at Hilton Hyland, told the Times.
The Los Angeles-Long Beach region broke into the top five metro areas by venture capital investment for the first time in 2014. There were 171 deals totaling $2.05 billion, according to .
Some of the most high profile purchases in recent years include Bezos’ $24.5 million Beverly Hills compound. , co-founder of Napster and an early leader at Facebook, purchased ‘ Holmby Hills mansion for $55 million. Swedish tech billionaire , the creator of “Minecraft,” topped them both when he spent $70 million for a Beverly Hills mansion fitted with a $200,000 candy room.
But the purchases of the uber rich only tell half the tale.
Entrepreneur and investor , 25, is one example: While he primarily lives in San Francisco, he recently purchased a $2.04 million three-bedroom, three-bath home in Santa Monica that he now spends weekends in.
“Compared to San Francisco in particular, it’s very cheap,” he told the newspaper. “I have a yard with a pool and a beautiful home for less than what I would pay for an equivalent-sized condo in San Francisco.”
Real estate agent says tech buyers from Silicon Valley make up about 10 percent of her current clients. Their budget, even at a smaller scale, is high: anywhere from $2 million to $5 million for a home.
“They’re buying second homes 鈥?or third or fourth homes,” she said. “We’re seeing it a lot.”