Unpopular opinion. All of these IPOs will destroy SF real estate. Seeing that it takes a decade to exit a unicorn, and it's going to be hard to top this generation, many of the winners will take off the golden handcuffs and decamp for other cities. @kimmaicutler @mimshttps://twitter.com/lucyswope/status/1119649632357879808 …
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Yeah I think a lot of people will just take liquidity and leave because SF doesn’t really make sense for its price.
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wait what? You get enough pre IPO stock that now your completely price insensitive and *then* you choose to leave? Does not make sense...
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Some early FB-ers intentionally left for Washington or no income tax states after their IPO. But also very few people make *that* much money. Maybe some people get a down payment but want it to go farther and are thinking about kids, parents, etc.
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Other people mysteriously moved to Nevada (no income tax) for a year to work on things like "Burning Man art projects".... like SF almost 10 years ago might've made sense because it was actually cheaper than the peninsula w/ urban qualify of life. Not so clear now.
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