The magnet cites (NY, Boston, Vancouver BC, Sili Valley, San Francisco) all have nosebleed housing prices. Are they sustainable? Or, just maybe, do some of the

The magnet cites (NY, Boston, Vancouver BC, Sili Valley, San Francisco) all have nosebleed housing prices. Are they sustainable? Or, just maybe, do some of the present owners want to cash out? As long as people move to magnet cities and are willing to put half their pay into housing, the prices will hold up. But, somewhere along the way the HR departments at big tech will start hearing, "I'd love to accept your offer but I can't afford to live anywhere near your office." That's when the "fundamentals" (stockbroker lingo) underneath housing prices will start to erode.