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Local Techies Predict Increased Home Prices Upon San Francisco Bay Area IPOs (LinkedIn, Zynga, Facebook)

February 6, 2011

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Last night, I had dinner with a couple of friends at Local Mission Eatery. One of my friends works for a super popular local San Francisco start-up.

He casually mentioned to me that he's been hearing from friends and coworkers that the local techie community expects home values to increase in San Francisco and Silicon Valley in the near future because some of our most successful local start-ups have either just had or are about to have their initial public offering (IPO), making many of the employees capable of buying a home here in the Bay Area. (This is not to mention that Google is hiring.)

His friend was telling him that the word on the street is that if possible, you should try to buy a home before this happens.

I know, I know, this sounds like Realtor BS. But really, this is what he told me and hey, who am I to argue with the SF technorati?

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