The SillyValley home prices have reached a point that is is 2x less obtainable for the average joe than even high home prices in SoCal, including San Diego. When the tech industry stock bubble does pop, there's going to be a lot of pain. And we're already starting to see some of the high flyers correcting. Apple, Linkedin, Twitter,etc. Buckle your seats, boys and girls...Silly Valley is going to get a pretty big does of reality. And when it comes, it's going to be fast and vicious, just like in 2001.
2 replies (most recent on top)
Why would a place that had 120K new jobs created yearly crash? Wouldn't a place where people are having to
sell their home and leave to get work crash? Are you a real estate agent getting nervous you can't rent the condo you just bought?
All those companies are hiring. Google and Facebook and Apple are still creating cash buyers as employees sell the stock they
got years ago at a very low price.
WHO THE F**K CARES!