For prices to double again in the Bay Area, you need to start seeing engineers earning $400k per year. It isn't going to happen.
Oh and by the way I have a house in Oakland that I bought in 2000 that has like quadrupled so I already won the lottery. I'm just trying to help others out here.
Rents and prices have disconnected about 2 years ago. Rents are flat or slightly down while housing prices have kept on going up.
Oh and your entire comment is based on the premise that tech isn't in a bubble (hint: it is).
And therefore one would think prospective buyers would look at this and conclude buying doesn't make economic sense. (I did at least: https://medium.com/@usaar33/why-you-shouldnt-buy-a-home-in-t...)
