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In the 6 months from October 2017 to April 2017, the San Francisco housing market was a couple thousand units, per the MLS [0]. Lyft and Uber each have thousand
by closeparen 8y ago
In the 6 months from October 2017 to April 2017, the San Francisco housing market was a couple thousand units, per the MLS [0]. Lyft and Uber each have thousands of headquarters employees. The number of employees who will make windfalls in 2019 is easily larger than the number of homes for which they’ll compete.
Minuscule compared to the housing stock sure.
[0] https://www.allisonchapleau.com/marketreports/san-francisco-mid-year-market-report-2018 https://www.allisonchapleau.com/marketreports/san-francisco-...
- creddit 8y agoThat's in SF, a tiny portion of the "Bay Area housing market". Additionally, of those thousands of HQ employees, relatively few of them are going to gain the wealth needed to purchase SF homes. Consider how many of those in are non-tech and therefore low-equity positions as well as it being the case that many (most?) joined much later and had equity packages converging to market comp.