https://www.curbed.com/2019/3/19/18271522/san-francisco-real-estate-tech-ipo-airbnb-uber Over the next two years, some of the decade’s biggest tech firms, among them Pinterest, Uber, and Airbnb, are expected to go public, with Lyft alone just announcing it would seek a value between $21 and $23 billion. Talk of IPOs and potential IPOs has everyone thinking about money, home values, and the threat of another prosperity bomb accelerating the city’s already sky-high cost of living. I think common man can’t buy a home in Bay Area anymore .
Methinks you’re all overestimating the amount of potential IPO millionaires...
It is just a ton of people getting a back pay. If you worked at a public company for 3-4 years, you likely made the same type of money.
This. Even if all the ipos fall by 50% there will be thousands of millionaires after several years of work without any vesting.
How many will still be millionaires when they are finally able to sell any stock?
I'm praying that this whole Ponzi scheme sinks after a couple months before the cash out
More people will just get priced out and finally move to Seattle, regretting not doing that earlier
Thus increasing Seattle real estate.
I really hope this happens. Don’t let the door hit ya on the way out folks!
No, the NIMBYs will
I’m one of the millionaires and I’m getting the hell out of the Bay Area after the lockup.
You mean you are one of the paper millionaire that might be an actual 6 figure holder after the lockup
Haha green eyed monsters! Where you going bkigfd? I thought like you too once but then looked around and sf is actually pretty awesome once you have money.
General rule of thumb: If a headline is a yes or no question, the answer is usually no (otherwise they would have stated the headline in the affirmative)
You assume all ppl is right handed. There are left handed too!!
Nope
You need to be more than a millionaire to buy a house in SF Bay Area. 🤣
This is so true for these days.
What IPO?