Most can't do that, since rsus are on a double trigger vesting schedule. That means they don't have any stock to their name until the 6 month cooling period.

That's in SF, a tiny portion of the "Bay Area housing market". Additionally, of those thousands of HQ employees, relatively few of them are going to gain the wealth needed to purchase SF homes. Consider how many of those in are non-tech and therefore low-equity positions as well as it being the case that many (most?) joined much later and had equity packages converging to market comp.

It’s not unusual to find homes now that have been on the market for over a month and are well below their original list price. That used to not be the case until August.

A friend of mine has been a bankruptcy lawyer in the city since the early 90s and expects rents / property values to significantly shift 6-8 months from now. Who knows maybe it’s all ‘baloney’.

I’m not in the market, we already own a home in the city. It’s just interesting to observe the trend.

Las Vegas prices are up 5% YoY [1]. San Francisco prices continue to climb and inventory is low [2]. Some regional Bay Area markets are experiencing a slowdown but most are not.

1. https://www.trulia.com/real_estate/Las_Vegas-Nevada/

2. https://www.bayareamarketreports.com/trend/san-francisco-hom...

In San Francisco and the Bay Area yes. Things cooled off around August. Not sure where you got Las Vegas from.