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

Mountain View, Calif., home of Google, is joining other tech centers in pondering new taxes based on employer headcounts -- levies that could jolt Apple and Google -- but if voters endorse the plans, a fresh wave of such measures may roll toward other corporate coffers. (Dreamstime/TNS)

SAN JOSE: Silicon Valley will remain a boomtown 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. 

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.