I worry less about the missed opportunities to join Facebook. I worry more about the impact this sudden injection of cash into the local economy is going to ha

I worry less about the missed opportunities to join Facebook. I worry more about the impact this sudden injection of cash into the local economy is going to have on the rest of us (a group most economists would call "the middle classes"). What we're about to see is going to be an example of micro-economy inflation. Don't expect any deals when you go to buy a car next year - the dealership will have more than met their sales target and have a steady flow of Facebook stock holders coming through their door. House prices will shoot up too, although I'm not in the market to buy a house so that worries me less. At a micro-economy level, local bars and restaurants in Soma, Mission, Pac Heights and other places popular with Facebook crowd (note how many FB busses their are in these areas at commute time) will no doubt try to charge more and probably get away with it. I actually can't quantify how many people are getting made by the FB IPO but I reckon it's enough to have some local impacts on the rest of us.