Are you seeing a rise in layoffs in the Bay Area as of lately? I'm aware of at least Cisco, eBay, Microsoft and NetApp. Any thoughts on how this might affect the extremely high house prices?
Economy affects home prices in the far away prices first: tracy, stockton, brentwood, etc. It does not impact home prices in, say, Palo Alto, that much, because homeowners in Palo Alto can hang on to their homes during the downtime.<p>I have not heard much about layoffs. Yes, Microsoft Mountain View has moved employees to Redmond. Netapp been laying off since 2011. Cisco is the same thing.<p>Unless the stock market crashes, the economy can absorb all developers, etc. Middle management, I donno.