Where That Facebook Cash Is Going: Surprisingly Modest Million-Dollar Homes

May 17, 2012

San Francisco real estate prices, Q1 2012

Paragon Real Estate Group

San Francisco real estate has been booming, but unevenly.

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No need to wait for the IPO. Facebook has already had a massive effect on the San Francisco Bay Area real-estate market.

That’s according to San Francisco mortgage banker Julian Hebron, who documented the real-estate boom happening here on his blog, The Basis Point.

But Facebook employees and insiders have been making splashy purchases in the expensive market for years.

(A note: We found many of these homes on Blockshopper, a site which lists recent sales, but we’re not linking to them because the posts contain the owners’ names and home addresses.)

Article source: SAI http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/Z_Yg0ew7VRw/facebook-ipo-san-francisco-menlo-park-house-prices-2012-5

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