Its a bubble alright, I just don't see how this is sustainable? I mean its going to turn into Manhattan West (east coast dominated by wall street workers and west coast dominated by tech workers). You will have a complete turn over from middle class to ultra rich.
Harvey Milk, would probably be very disappointed as to what San Francisco is becoming
. I guess it works for Manhattan, and the expensive shoe boxes that people live in there. Along with the other notable changes within SF gay community, this is a tragic part of progress, the loss of soul and self.
Soaring housing costs forces talent to flee Silicon Valleyhttp://www.cnbc.com/2015/05/21/
Now of course, Silicon Valley isn't going to empty out. Its population remained constant over the last decade and will remain so again in this one. More people will come here, but more will leave, too. The result will be the Valley-fication of America, a form of gentrification more extreme than most of America has seen before, with high-tech jobs, high incomes and more expensive coffee, yoga studios and—yes—houses, too