Has The Facebook IPO Flop Hurt Palo Alto and Menlo Park Real Estate?
Original post made by Jan H., Old Palo Alto, on Oct 17, 2012
The local real estate agents say the no, it has not. However, I do no think they are a reliable source. A local builder, architect, and banker say that yes, it has hurt Palo Alto and Menlo Park, because employees were planning to buy local housing with their proceeds, which are considerably less than expected.