There are 6 remaining companies set to IPO in San Francisco, creating between 1 and 10 thousand new millionaires within a year. Housing prices are already considerably higher here than anywhere else in the country. I'm no expert in economics.
What do you guys think is going to happen? If I'm looking to invest anywhere near the Bay Area, is now a good/bad time? Why?
Alot of my CA clients buy commercial retail in other states as cap rates are higher.
I have some who do want to own commercial in the Bay area. Some product comes up but not much. People tend to hold commercial retail properties there for a long time as incomes are high are more affluent.