Re:Housing in the Bay Area
by kbenson on Wednesday May 25, 2016 @09:53PM
(#11774669)
> The cynic in me likes to think that VC's and other wealthy tech execs are trying to keep housing prices high by artificially creating this in-elasticity
I think the benefits of more people meeting, networking, and starting new things in the area vastly outweighs their interest in their homes. It's not like this really affects the pricing of mansions much anyway, and if they aren't living in a mansion, it's probably such a small amount of their overall wealth that it's inconsequential.
I think the benefits of more people meeting, networking, and starting new things in the area vastly outweighs their interest in their homes. It's not like this really affects the pricing of mansions much anyway, and if they aren't living in a mansion, it's probably such a small amount of their overall wealth that it's inconsequential.