1. "bay area" is not in fact "everyone in america/world" hence, much less bad. 2. I do not think that Apple, Google, and Facebook are significantly competing a

1. "bay area" is not in fact "everyone in america/world" hence, much less bad. 2. I do not think that Apple, Google, and Facebook are significantly competing against many of these startups. Facebook maybe to an extent, by not Apple and Google. None of them are major phone manufacturers or search engines. The only reason a bubble bursting is a problem is for companies without revenue relying solely on VC money to run. Apple is not in fact relying on VC money to run. Apple alone can afford to employ every startup worked in SF (not that they would, but they could) >3) Real estate values and rents in the bay area will plummet of there is a readjustment in the technology sector. I can't imagine that as being anything but good news long term. certainly sad for those owners now though, i agree. Yet, still not everyone in america.