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I doubt it is people moving out that is causing the slight dip - https://julianalee.com/sunnyvale/sunnyvale-statistics.htm https://julianalee.com/sunnyvale/sunn
by isignal 7y ago
I doubt it is people moving out that is causing the slight dip - https://julianalee.com/sunnyvale/sunnyvale-statistics.htm https://julianalee.com/sunnyvale/sunnyvale-statistics.htm - the move corresponds to increased mortgage rates via the Fed hikes last year.
I also doubt this minor pullback to 2017 levels will last in 2019. It will be interesting to watch if mortgage rates or tech IPOs (2019) have a bigger influence.
- qqqwerty 7y agoSomewhat related to my sibling comment, but at least in the bay area, I think the movement in FAANG stock prices may be playing a bigger role than interest rates. A good chunk of employee compensation at these companies is in RSUs, and the stocks have been on a tear these last 5 years. Very roughly If you got a grant worth $120k/yr 4 years ago, that would be worth about 2-3x when it vests. That is probably why we are seeing a lot of folks on here claim that FAANG is paying 500k to senior engineers. More likely they are paying ~$200k base, and the rest is coming from vested RSUs.
- Gibbon1 7y agoGuy that handled my mortgage said many the houses he's dealt with in the more desirable neighborhoods have a lot of 'odd financials' going on in the deal. Sources of money are odd. And stocks and other types of paper are being traded for the house.