As far as I know even in the previous dotcom burst the housing market went down just a little, something around 10%. In some neighborhoods rents have been increasing more than that per year in the last 3 years. So even if there is a tech burst the size of the 2000 dotcom burst, I don't expect real estate prices to suffer that much.
edit: here is a good analysis; http://www.paragon-re.com/3_Recessions_2_Bubbles_and_a_Baby
The previous dotcom bust happened when the property bubble was just building in most of the US which crashed in 2007-8. So in a dotcom bust property prices might not follow the same pattern as previously. In todays silicon Valley most people apart from the tech workers have been priced out of the market and they have left. Now a bust won't have the support these buyers or renters to stave off a collapse.It also seems to declare that employment is the only source of housing occupancy. This is less true if you consider, for instance, real estate speculators (and with China's economy as well as it is and is expected to be, I don't foresee that slowing down), and also if you consider the new short-term rental market.
So, maybe the housing bubble will collapse. But I'm not convinced that either of those forces are as powerful as the author claims, and the author doesn't really give any text considering and dismissing other known forces, so you can consider me unconvinced by this article alone.
I don't really know one way or the other what the ultimate trend will be for tech in the next few years but this is just numerology.
San Francisco: 46.9 square miles
Manhattan: 22.8 square miles
SF is a lot less tall than Manhattan all around too.
Did I mention that SF is hilly?
I live in Fremont ( 45 minute BART ride ) and work in the city. I expect to leave the bay area when my lease is up because I expect the rent to climb to $STUPID
I could afford to live in the city if I was single. Single kids out of college don't make what I make nor would I spend that much on a place to live. Regardless of how much I like the City.
Edit : the rent I have paid in the last 6 years would have paid for a home... nice one in an HOA in most markets ... and my rent is 33% below market
When is your lease up?
>"I could afford to live in the city if I was single."
You're married with children?
#hungryfordata