> When you work in tech and live in the Bay Area, your life is already so positively exposed to the local economic and financial system, that buying a home is j

> When you work in tech and live in the Bay Area, your life is already so positively exposed to the local economic and financial system, that buying a home is just doubling down on a (life) portfolio that’s already in need of diversification. I wasn't buying the monetary arguments because the Bay Area is monetarily primarily defined by the startup scene, but this argument seems interesting. The comparison to the oil boom drives it home. As for "what defines a bubble", we really only know once it bursts... Otherwise it's a bull market!