Thoughts on the coming Dropbox IPO affect on the San Francisco housing market?
One IPO tanking isn't enough to 'affect' the SF real estate market
Wtf why? Normally in IPOs employees can't sell for the first six months, right? We'll talk in October. Anyway, I didn't think a Blind comment will affect you so much that you came back after a week to comment... Wow man!
I was thinking about this too. What was the effect after Twitter IPO? There have been lots of IPOs but mostly in South Bay. Now that Dropbox+Uber+Lyft+Airbnb are all likely to IPO in the next few years, SF housing prices seem like they will go way up. Not just from the immediate equity but because so many people will suddenly have 1.5-2x yearly income.
SF doesn’t have that much stock. We’re looking at 1Br around 800k and there aren’t many. Dropbox IPO will def affect it. Employees can only sell their stocks after 6 months so there’s time to act.
Nobody is getting rich here
I suspected this. Can you expand?
So the question is will 2000 people impact sf housing market? Or course not!
Dropbox shares are over subscribed. I think it will easily go to 2 -3X in value in 6 months. Lots of excitement on Wall Street for this.
Nope
Employees with family will look to buy in good school district. There will be further surge. Just look at number of offers being given at fang companies here. There is only one thing I can predict and that is the housing supply will be constrained especially for single family
South bay will explode with another crazy year