Episode Details

Atherton’s luxury real estate market is exploding as tech wealth fuels a frenzy of multimillion-dollar sales, with the town now the priciest ZIP code in the U.S. Five homes have already hit $30M+ this year, median prices up 20%, and ultra-high-net-worth buyers—many with deep Bay Area ties—are snapping up modern mansions amid rising security needs. This boom, tied to AI’s explosive growth and upcoming IPOs, starkly contrasts the region’s affordability crisis, prompting California voters to consider a billionaire tax. Even as some wealthy residents eye relocation, demand remains fierce, and developers are razing old homes to build even more extravagant estates—setting the stage for a new era of astronomical real estate values.

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