Google + Apple employees combined count is less than 1% of Bay Area population. If you include all other rich tech firms, their total employees would probably a

Google + Apple employees combined count is less than 1% of Bay Area population. If you include all other rich tech firms, their total employees would probably account for less than 3% of population in Bay Area. So it seems incorrect to think that these people are driving others from their neighborhoods. My view on California real estate is a giant bubble that fuels itself by boom in tech industry but ignoring above numbers. Last time it tried to bust it got deflated only by 25% and it back up to those levels again and going up even more. If you wanted to short some market this is probably it.