I bought a home in Berkeley recently. It was not an easy choice. In the end I decided to bet that this accumulation of new tech wealth in the bay area will continue. There will be more IPOs every year with their hundreds or thousands of engineers/etc making solid six figure paydays. And more growth and hiring and big RSU grants from existing tech giants. And more people selling pickaxes to the miners.
I think demand will continue for a long time to come.
I think demand will continue for a long time to come.