> The vast majority of my clients have graduate degrees, PHD, MBA, law degree. You pretty much need this, to be hyper educated to be able to afford this area. And I would say, just to quantify, probably about a 20 to 30 point higher IQ score than the sellers.<p>This is a good film, but it tries hard to highlight the absurdities of the market and attitudes to make a good story.<p>Read the transcript for more nuggets: <a href="http://milliondollarshack.com/movie-transcript/" rel="nofollow">http://milliondollarshack.com/movie-transcript/</a><p>No doubt the market is in hyper-growth phase, mostly around Cupertino, PA, Mnt View, Sunnyvale, etc. (20%+) with 8-10 ranked school districts. Even so, there are still decent options in these areas.<p>San Jose and East Bay have even more affordable options, but I predict they will soon appreciate as more companies set up offices (Uber, etc). At least that's where I'll likely invest long term.<p>If you're looking at bubbles, according to Paragon "the period between bubble and recovery is 5-7 yrs".. so the SF bubble would peak ~2016-18<p><a href="https://twitter.com/tzmartin/status/655506111705972736" rel="nofollow">https://twitter.com/tzmartin/status/655506111705972736</a>