Effect of Uber, Lyft, Slack IPOs in 2019 Real Estate
Does anyone have any information or studies on how large IPOs like these affect the real estate market in the bay area? Does it simply lower supply of high end homes while increasing supply of starter homes? Will the impact be significant enough to be noticeable?
It probably will have impact near those company HQ’s.
It impacts demand side more than supply. Only so many houses go for sale each year. I believe it will have an impact. But with rising interest rates and tax changes it hard to know for sure how things will play out.
If employees already own starter homes, they can upgrade to high end home and put their starter home on the market though
With that IPO money. They’d upgrade to a high end home and rent out the starter home if they are smart about their money.
Will there be any change in the zoning laws?
Is the bay area housing still a seller's market?
At this point, it probably has little to no noticeable impact. Real estate in the Bay Area is already so overpriced, houses sometimes sell for 100k over asking price due to multiple bidders. Also, just because these companies are public next year doesn’t mean people can cash out. Most likely the stocks have to be held for some time before they can be sold.
Been the case for 20+ years
Shit, $100k over asking is nothing.