Techies snatching up more real estate in Southern California

“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=]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.”