HousingMar 29, 2019
NvidiaDE2019

Here’s how many Bay Area homes Lyft employees can buy with IPO cash

https://www.mercurynews.com/2019/03/29/heres-how-many-bay-area-homes-lyft-employees-can-buy-with-ipo-cash/ Every single home in San Francisco listed for sale on Thursday, nearly a third of all affordable homes in the Bay Area, or about half of the least expensive houses in San Francisco and the East Bay: That’s how many homes newly-minted millionaires at Lyft can buy with their IPO cash. That is, if all of them went out to buy homes, say experts at Redfin, a real estate brokerage firm. Lyft’s stock was initially priced at $72 per share, meaning current and former employees now collectively hold nearly $1.5 billion worth of stock, Redfin estimates. But, the company is just the first of several, including Uber, Slack, Pintrest and Airbnb, that are all expected to go public this year or next.

Here's how many Bay Area homes Lyft employees can buy with IPO cash
Here's how many Bay Area homes Lyft employees can buy with IPO cash
The Mercury News
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Nvidia DE2019 OP Mar 29, 2019

Time to move out of Bay Area. Just wonder how a teacher or accountant or a person working in retail like Safeway or Target or even the Lyft and Uber Driver’s can stay in Bay Area .

Facebook public2 Mar 30, 2019

Why time to move out? This is the time to be here. It's about to get awesome. Teacher's can get affordable housing.

Yahoo VOui62 Mar 31, 2019

Hey public2, did you buy your house around q1 2018? Just curious

Spotify qbeforeu Mar 30, 2019

I think this says more about the lack of inventory in the area than anything else

Google td47bn Apr 1, 2019

Yeah this has been coming for a long time and the SF NIMBYs kept pushing back anytime a new housing development was attempted. It's all wasted, the flood from the IPOs and the lack of inventory will do way more to change the Mission than any of the buildings the various groups pushed back against would have.