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To: tejek who wrote (2111)2/21/2014 12:17:50 AM
From: Jurgis Bekepuris  Read Replies (1) | Respond to 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.



To: tejek who wrote (2111)2/21/2014 10:13:32 AM
From: John Vosilla1 Recommendation

Recommended By
Jurgis Bekepuris

  Read Replies (1) | Respond to of 2722
 
Amazon has grown into a monster incredible sales growth and the best customer service no doubt but still barely generates any free cash flow. Wall Street prices all these winner take all's of the tech world for perfection down the road.. Intuit another SV company putting accountants and tax preparers out of business at least generates substantial free cash flow. But look at NASDAQ many old line techs all in SV like Intel, Cisco and HP have quite reasonable valuations so doubt overall a cascading effect downward on SV home prices the next tech crash