4 ms·
when will these layoffs reflect in boom town housing markets ?
by dangwhy 4y ago
when will these layoffs reflect in boom town housing markets ?
- outworlder 4y agoEven if we assumed they are all moving away (they aren't, plenty of hiring still) it would take some time.
- dangwhy 4y ago> plenty of hiring still Doesn't sound like it from responses the other ASK HN post. But you are right, i get a sense that it might take years before the havoc they've created will unravel.
- burlesona 4y agoSF Housing is already dropping, but unfortunately it's so expensive that even a substantial drop of 10-20% would still leave it as one of the most expensive markets in the country. The supply shortage is so severe that it would take a crushing local depression to balance out.
- erik_seaberg 4y agoIt’s easy to forget that tech is only about 15%-ish of the Bay Area job market.
- sekai 4y agoThey won't. The impact of interest rates on home markets is too great for these tiny layoffs to be significant.
- lotsofpulp 4y agoAlready has, but I would not expect any pre 2020 prices unless the US has a complete meltdown. On the contrary, it seems like US is in an amazing position relative to other places in the world.
- jahewson 4y agoIt won’t. Companies that overhired in lossy areas are still hiring in growth areas. This is a rebalancing, not a shrinking: demand for tech workers still far outstrips supply.