[sjg007]

Thiel ignores his own advice on contrarian thinking.. It seems likely that tech entrepreneurship will democratize across other cities because the customers are there, lots of talent exists in other cities/universities and the Bay Area is too expensive for 30 something techies starting families.

The alternative is that Sv salaries rise exponentially in lockstep with real property values. Or we get a some kind of disconnect between rents and property values.