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The amount of tech workers buying up housing is also up for debate. Though this article focuses on cash transactions (perhaps mortgaged ones don't contain occupational data?), it paints a picture of other white collar professions performing the majority of cash purchases of housing in the Bay Area.

The data was taken from a company that controls 10% of the real estate market in the Bay Area.

http://realestateconsulting.com/tech-buyers-only-a-small-por...

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Some of them -- most likely the majority -- rent also, you know.

Right, so how could they be responsible for pushing up housing prices if most are renting?

Gosh, I don't know. Maybe housing prices and market rents are like... related somehow?

Could you flesh out your point instead of simply repeating it?

The sale price of a house is always going to be capped by how much you could make instead by renting it. If the average rental makes $45K a year nobody would sell that house for $250K.

In general, the more you can rent a property for... the more you can sell it for.

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