Silicon Valley Home Prices vs. Stock Prices vs. Bitcoin (2021)
adamnash.blog
adamnash.blog
I disagree somewhat with calling it "asset inflation." Base salaries in tech have also been rising, and while I can buy that the S&P 500 might be inflated up to 50%, big tech stocks have gone up a lot faster, and it's been driven by fundamentals. Just compare their earnings to 10 years ago. Annoyingly, there isn't a comparison to the S&P 500. Palo Alto home price increases look a lot more like that than Bitcoin.
The question is whether housing is in a bubble and at least for SF it looks like the bubble component is not that big. There might be a housing crash in the making but even if it crashes as far as 50%, a house will still cost a million dollars. It still won't be affordable to anyone who isn't employed in the software industry.
or is it still bitcoin?
strategy.com - compare for yourself
HN doesn't want to admit it, but Bitcoin has surpassed Silicon Valley, and they can't cope with it