By Steve Levy
E-mail Steve Levy
About this blog: I grew up in Los Angeles and moved to the area in 1963 when I started graduate school at Stanford. Nancy and I were married in 1977 and we lived for nearly 30 years in the Duveneck school area. Our children went to Paly. We moved ... (More)
About this blog: I grew up in Los Angeles and moved to the area in 1963 when I started graduate school at Stanford. Nancy and I were married in 1977 and we lived for nearly 30 years in the Duveneck school area. Our children went to Paly. We moved downtown in 2006 and enjoy being able to walk to activities. I do not drive and being downtown where I work and close to the CalTrain station and downtown amenities makes my life more independent. I have worked all my life as an economist focusing on the California economy. My work centers around two main activities. The first is helping regional planning agencies such as ABAG understand their long-term growth outlook. I do this for several regional planning agencies in northern, southern and central coast California. My other main activity is studying workforce trends and policy implications both as a professional and as a volunteer member of the NOVA (Silicon Valley) and state workforce boards. The title of the blog is Invest and Innovate and that is what I believe is the imperative for our local area, region, state and nation. That includes investing in people, in infrastructure and in making our communities great places to live and work. I served on the recent Palo Alto Infrastructure Commission. I also believe that our local and state economy benefits from being a welcoming community, which mostly we are a leader in, for people of all religions, sexual preferences and places of birth. (Hide)
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What Supports High Home Values in Palo Alto
Uploaded: Jun 14, 2012
Another title would be "Why do people want to live in Palo Alto".
I believe it is because we have great schools and lots of amenities, many of which are publicly funded.
I think residents agree as they pass school and library bonds, raise money privately for our public schools and value the extra public sector amenities that Palo Alto offers.
Town Square has a series threads questioning the value of money for our public schools and asserting that Palo Alto spends money on frills defined as programs that they don't think necessary.
Are residents stupid to pass parcel taxes and bonds for our schools and raise private money? Are they stupid to value libraries and Children's Theater and other amenities not found in all neighboring communities?
Isn't it reasonable to assume that these investments are a major reason why people want to live here and push housing prices up?
A great community benefits the economy, benefits residents who gladly pay for services and also benefits homeowners who personally don't like all the spending.
Don't you think housing prices would be less if Palo Alto did not have great schools and special amenities?
What is it worth to you?
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