Economist: Bay Area, Silicon Valley boom will continue, but housing woes will worsen

Silicon Valley will continue to boom for the foreseeable future, helping to spur a strong economy throughout the Bay Area, but the region’s surge will exacerbate housing and traffic woes locally, economic and political experts warned Thursday.

Those rosy and forbidding assessments emerged during a San Jose State University economic summit, whose headline speakers insisted that a housing boom is needed to help offset negative side effects of the remarkable economic and tech boom in the Bay Area.

Nevertheless, what also became clear during the annual summit at the university is that the increasing number of tech companies that have moved to San Jose, or are about to, has played a role in helping to place more jobs near where a huge amount of housing can be built or now exists.

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