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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: tejek who wrote (2111)2/21/2014 12:17:50 AM
From: Jurgis Bekepuris  Read Replies (1) of 2722
 
At times, growth has slowed for SF when tech growth has slowed but then it starts right back up. Tech is the future.......or at least the foreseeable future.
Yeah, but the housing market in Silly Valley is priced not even at tech worker level. It's priced at the level of startup millionaires or overlevered wannabes. I have not heard anyone buying a house there recently who wasn't an option millionaire.

Not saying it's gonna crash and fall. I think I mostly agree with you: although I think there will be another tech crash, but the Silly Valley RE will do better than tech stocks when it comes.

The only systemic risk is tech moving out of there. Asia. If it happens, then all US is in trouble though.
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