Using this model, Kahramaner estimated that 5,000 new buyers will be entering the market, and his team attempted to show at what price points they’d be able to buy. He foresees 3,885 new buyers looking for houses less than $3 million, in a market in which fewer than 6,000 homes total sell per year. At the top end, it gets even crazier—with more than 1,000 buyers looking from $3 million on up.
Buy over $3M property in Mission Bay asap Thought the top 3 buyers are FB, GOOG, and LINKEDIN because they have offices in SF. Surprise that AAPL badges is 2nd biggest.
I’m with you. Why don’t you sell your 2 houses in Cupertino and 1031 exchange into Mission Bay. When I see you do that, I’ll do the same to all my properties.
Bayview is full of owners instead of renters. Many long time owners are poor, poorer than many renters.
SF is 62% renters and 38% owners. Those soon-to-be millionaires already live in SF if they want to. Some of them will buy outside SF. So I think these IPOs will not elevate the percentage of high income people.
Many owners are uneducated immigrants who makes modest income. Total percentage of tech workers in SF is miniscule, laughably small. Probably smaller than Dublin, Pleasanton.
Sadly, these IPOs will not help BA market.
“But while in individual neighborhoods the IPOs will create intense pressure on prices, as a whole, these IPOs will probably leave only a small, but detectable mark on the Bay Area housing market.”
The stock’s 72% first-day pop boosted Zoom’s market cap to $15.9 billion and the net worth of Yuan, who owns 20%, to $3.2 billion. All for video-conferencing tools that didn’t reinvent the wheel, just made it a lot less painful to turn. An engineer-turned-founder who once ran engineering for Cisco’s Webex video-conferencing business, Yuan set out to make tools that work equally well in a board room in Manhattan or from a kitchen table in China.
Many bayview owners are dirt poor. Some houses are hardly habitable and they don’t have money to fix up. When I went to some open houses, I was not sure whether the house would fall with one more person come in.
• The company – backed by Tencent Holdings (OTCPK:TCEHY) – squares off with rivals Huya (NYSE:HUYA) and Huajiao in a growing market for streaming in China.
• It’s the largest game-streaming platform by average monthly active users on both mobile and PC; Q1’s 159.2M MAUs represented Y/Y growth of 25.7%.
• And it would be one of the largest IPOs this year by a Chinese company in the U.S., not to mention the latest entrant in a proxy war of smaller firms backed by Tencent, Alibaba (NYSE:BABA) or Baidu (NASDAQ:BIDU).
• It’s applying to list American Depositary Shares on the NYSE under the symbol DOYU.
Thought the top 3 buyers are FB, GOOG, and LINKEDIN because they have offices in SF. Surprise that AAPL badges is 2nd biggest.
