i think the funniest consequence of SpaceX IPO is that there are now so many new millionaires minted that the housing market in silicon valley and texas is going to explode.
this is just one of three massive IPOs minting thousands of new millionaires in the Bay Area. Anthropic and OpenAI are coming too.
My partner and I were trying to find a 3 bedroom 2 bathroom house around there, not that we can afford one, and it can’t be done for less than $1.4 million and those houses are pretty crap. Like one was 900 sqft and cost $1.9 million.
Don’t I know it. I keep telling my partner that but she’s too afraid to leave because layoffs are the norm now and the next job almost assuredly won’t be a remote job.
i think the funniest consequence of SpaceX IPO is that there are now so many new millionaires minted that the housing market in silicon valley and texas is going to explode.
this is just one of three massive IPOs minting thousands of new millionaires in the Bay Area. Anthropic and OpenAI are coming too.
My partner and I were trying to find a 3 bedroom 2 bathroom house around there, not that we can afford one, and it can’t be done for less than $1.4 million and those houses are pretty crap. Like one was 900 sqft and cost $1.9 million.
In the heartland, you can get that same house for 1/15 of that sticker price.
There’s a baseline, and then there’s the waves of markup that the upper tier of the economy is coasting on.
Don’t I know it. I keep telling my partner that but she’s too afraid to leave because layoffs are the norm now and the next job almost assuredly won’t be a remote job.