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

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Mar 29, 2019 12 Comments

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Unlike New York City, which responded to increased wealth and demand from a growing economy by building taller buildings, San Francisco and the Bay Area, in general, has not. Between 2011 and 2017, the region added some 531,000 jobs but built only 124,000 new single-family homes, condos or townhouses, according to the Building Industry Association of the Bay Area.

But no matter how many people leave, one thing is clear, Fairweather said: “Prices will go up in San Francisco. I would bet money on that.”

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