The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jim McMannis who wrote (235101)	5/23/2012 10:05:54 AM
From: John Vosilla	Read Replies (1) of 306849

Facebook lookout to drive up San Francisco home prices Facebook officially traded in NASDAQ today. While many are contemplating whether or not to buy stock in this no. 1 social-networking company, those in the Bay Area are wondering how this IPO will affect the San Francisco housing market. The Tech industry helped the San Francisco Housing Market recover quicker than the rest of the nation, but the anticipation of the Facebook IPO in the recent months contributed to the current frenzy seen throughout San Francisco. Inventory is vanishing as sellers wait to put their homes on the market. Home buyers are eager to purchase before new millionaires price them out. No listing is going in contract without a bidding war with multiple offers. Although Facebook went public today, there’s still time to buy a home before home prices increase even more. When a company goes public, employees cannot sell their stocks for a limited period of time due to a lock-up agreement. Facebook has a lock up period of 3 months, shorter than the recent social network IPOs like LinkedIn and Zynga whose lock-up period is 6 months long. Facebook employees also have something called restricted stock units. In order to extend the IPO date, Mark Zuckergberg gave Facebook employees restricted stocks that will be taxed whether or not they exercise their stocks. With upfront tax implications, Facebook employees will be forced to sell their stocks in order to pay their taxes. The demand for housing in San Francisco will continue to rise in the next 3 to 6 months as Facebook employees sell their stocks. If you’re already frustrated by the bidding wars, embrace yourself as the Facebook frenzy continues. sfnewdevelopments.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next