The Bay Area economy: VC investments -> Turned into programmer salaries at new startups -> Turned into rent to SF landlords -> Turned into mortgage payments to banks I am a process by which VC capital gets turned into bank capital
And in the long run: a big earthquake hits, all the real estate value is wiped out, bankruptcy declared, and all the capital is destroyed! Jks. Sort of.
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Now that you mention it, I'd bet priced could go up after an earthquake if there's a possibility for rezoning to higher density
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Haha I’ve always kind of wondered about the logic of buying real estate on a fault line
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