Thanks, I think that explains it. I guess with enough tech companies and enough exits happening they'd be good amount of these people to skew the market.
And the market in SF and other Bay Area cities is _really small_. I recently read that Cupertino has only a dozen houses on the market total, and SF may have as many as hundreds or even a couple thousand (in a city with a population over 800,000). Actually, I just looked at Zillow and there are 17 properties on the market in Cupertino, which had about 20,000 households as of 2010.
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Thanks, I think that explains it. I guess with enough tech companies and enough exits happening they'd be good amount of these people to skew the market.
And the market in SF and other Bay Area cities is _really small_. I recently read that Cupertino has only a dozen houses on the market total, and SF may have as many as hundreds or even a couple thousand (in a city with a population over 800,000). Actually, I just looked at Zillow and there are 17 properties on the market in Cupertino, which had about 20,000 households as of 2010.