Those Directors/VPs/Founder were likely already pulling a decent salary (as execs in any industry do). They could likely afford an apartment in the city, so it should be a zero sum transaction for housing (12 houses might be purchased and 12 lower cost housing options - relatively - will come on the market).
Housing prices in SF will be unaffected by this. The issues are much more nuanced (and mostly regulatory). This trope of "Post-IPO tech people are ruining the housing market" isn't helping anyone, and might serve to confuse some people unfamiliar with the actual housing market issues in SF.
Housing prices in SF will be unaffected by this. The issues are much more nuanced (and mostly regulatory). This trope of "Post-IPO tech people are ruining the housing market" isn't helping anyone, and might serve to confuse some people unfamiliar with the actual housing market issues in SF.