Re:Who’s Buying Property in San Francisco?
by refurb on Monday April 22, 2019 @11:37AM
(#19719729)
Interesting analysis. One of the better data sets I've seen. Most real estate analyses stop at "median price" and attempt to draw a ton of conclusions from it.
Also interesting that the vast majority of the tech buyers are from the older companies - Google, Apple, Salesforce. Not that surprising.
The flashy start-ups do make people rich, but it's usually a handful of people. I'll bet the majority of those tech buyers have worked at FAANG for 5-10 years. Got lucky that their equity increased a decent amount, but still took a number of years to save for a down payment.
Also interesting that the vast majority of the tech buyers are from the older companies - Google, Apple, Salesforce. Not that surprising.
The flashy start-ups do make people rich, but it's usually a handful of people. I'll bet the majority of those tech buyers have worked at FAANG for 5-10 years. Got lucky that their equity increased a decent amount, but still took a number of years to save for a down payment.