Town Square

Post a New Topic

Psyching out the 'Facebook effect'

Original post made on May 19, 2012

The rumors are flying: Once Facebook goes public, scarce housing will become even scarcer; prices will go sky high. Best to hold onto your house and list it after May, when Facebook's initial public offering is expected; best to buy now before the hordes enter the fray. We're doomed.

Read the full story here Web Link posted Thursday, April 19, 2012, 4:33 PM

Comments (4)

 +   Like this comment
Posted by jack
a resident of Charleston Gardens
on May 19, 2012 at 6:44 pm

Well the stock will tank these next weeks. And then there will be flood of houses coming onto th emarket as people realise that prices will not keep on going from where they have left off these crazy 4 months!

The over exuberance, the daily pumping up by Ken Deleon, the agents pushing their clients to bid 25 percent over asking price will all stop.

Facebook tanking will have a huge psychological downer. All teh social companies will be running scared.

And those guys cannot cash out for 6 months! Thats Christmas folks, by which time the stock price will be around 5 dollars where it should be.

So all those new millionaires will be instead have 250,000 for a downpayment.


 +   Like this comment
Posted by wrong
a resident of Greendell/Walnut Grove
on May 19, 2012 at 8:57 pm

Jack - you're just so wrong, it's like your head is in the sand.

Will it be insane and crazy on the market? no... but will there be lots of extra buyers wanting to buy houses in the PA/MP area? Absolutely.

I don't anticipate an increase in the inventory available, meaning that the 25% over asking is actually something that may become common.

Of course, if the market takes off, it may be enough of an incentive for people to list their houses, even though they had not planned on doing so.


 +   Like this comment
Posted by talk to Meg
a resident of College Terrace
on May 20, 2012 at 10:58 am

35,000 fired HP employees should put a big damper on local home prices


 +   Like this comment
Posted by wrong
a resident of Greendell/Walnut Grove
on May 20, 2012 at 11:45 am

"talk to Meg" - you think the 35,000 fired HP employees have stock options coming due in 6 months worth millions upon millions of $$$?

Doubtful.

HP fired a lot of the worker bees, some middle managers, and an occasional highly paid staffer who I'm sure will land on their feet, if they haven't already.


Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Mixx, Scott's Seafood replacement, opens in Mountain View
By Elena Kadvany | 14 comments | 3,300 views

Ten Steps to Get Started with Financial Aid
By John Raftrey and Lori McCormick | 1 comment | 2,333 views

To Cambodia With Love
By Laura Stec | 4 comments | 2,320 views

All Parking Permits Should Have a Fee
By Steve Levy | 23 comments | 1,758 views

Early Campaign Notes: City Council
By Douglas Moran | 8 comments | 744 views