[6841iam]

another thing this article fails to address is what is the supply of homes in a given region and how wealthy are people there. if you take mountain view where google is headquartered there are many wealthy people near by thanks to rising stock prices of goog, fb, aapl, Netflix etc. because of this and the lack of homes getting built house prices are just going up.

in 2017 less than 250 single family homes sold in mountain view. just put that in perspective. 250. thousands started working at google but only 250 homes sold. and the average days on market for a home was: ~10 days.

if these firms continue making money and if they continue to see their stock prices going up then you'll continue to see house prices rise in these markets.

articles like these fail in markets like mountain view / Palo Alto. they probably make more sense for markets that have abundant housing like Las Vegas / Denver.