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Comment by Animats | Hacker News Reader

I'm not worried about SF. The boom will be over soon. After the last dot-com crash, about 40% of the twentysomethings left.

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I dunno... it's easy to say "someday the price will decline" but without putting a specific timestamp on it, it's a pretty meaningless thing to say. There are so many idle naysayers on the internet, I have a hard time taking seriously the predictions of anyone who isn't betting a significant amount of their own money that they're right.

People keep saying this and year and year it keeps "booming"

You are claiming that there will never be another recession in SF?

Reminds me of a saying: The market can remain irrational longer than you can remain solvent.

We're getting past that. Look at TWTR stock for the last year.[1] Twitter tried to pull a Myspace - the number of users started dropping [2], so they increased ad density to try to get revenue up. It's not working.

Twitter is so highly visible in SF that when they tank, it will shake up the real estate market.

[1] https://www.google.com/search?client=ubuntu&channel=fs&q=TWT... [2] http://variety.com/2016/digital/news/twitter-declining-month...

rents are already slightly trending down, and it's been an icy few months for investment.

people keep questioning this year after year but the writing is on the wall.

It always takes longer than you'd think. I remember thinking housing in the SF bay area was unsustainably expensive in the late '90s, and it took another decade for the wheels to come off.

That's not a productive attitude. (1) There will be another boom, (2) with more affordable housing, you could stabilize the population during pullbacks instead of people moving out.

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