@entrepreneurs: Palo Alto is a good example of how much location can outweigh the actual size of the house. Decades of Silicon Valley growth brought tech companies, founders, investors and highly paid workers into the area, while limited housing kept pushing land values higher. That is how a 1,335 sq ft home can be listed around $3.1 million, while roughly the same money in Waco gets you a 6,176 sq ft castle-like property. In Palo Alto, a huge part of that $3 million price tag is not the building itself. It is the land, the neighborhood and being right inside one of the world’s richest tech ecosystems.