Apple Pay : One Reason for High Home Prices
by: Laura Kusisto
Oct 26, 2015
Click here to view the full article on WSJ.com
by: Laura Kusisto
Oct 26, 2015
Click here to view the full article on WSJ.com
TOPICS: Supply and Demand
SUMMARY: Apple workers live in pricier homes than other residents in the San Francisco Bay Area, and home values are rising much faster in neighborhoods where Apple workers live, according to a Zillow analysis. The gap between homes that Apple employees live in and overall prices in those areas, according to Zillow, has widened since the release of the first iPhone in 2007. The iPhone has helped boost Apple's stock price and, in tandem, employee compensation.
CLASSROOM APPLICATION: Students can evaluate the effect of increasing wages by a particular large employer or industry on home prices in a geographic area. In turn, students can learn that increasing home prices may cause rents to increase as well.
QUESTIONS:
1. (Introductory) What is the effect of the increasing wages of tech workers on real estate prices?
2. (Advanced) How is the effect of increasing wages of tech worker on real estate prices affected by zoning regulations and readily available land?
3. (Advanced) What is the effect of an influx of tech workers into a region on the willingness of current residents to sell their homes?
1. (Introductory) What is the effect of the increasing wages of tech workers on real estate prices?
2. (Advanced) How is the effect of increasing wages of tech worker on real estate prices affected by zoning regulations and readily available land?
3. (Advanced) What is the effect of an influx of tech workers into a region on the willingness of current residents to sell their homes?
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