Employment, GDP, and household-wealth indicators are quite positive; by historical standards, interest rates remain very low and stock markets very high; and COVID infections are falling fast.
The Bay Area is home to many of the world’s most innovative and successful companies; there is an enormous concentration of local wealth; and a staggering amount of money sloshing around the economy looking for somewhere to invest. Many believe real estate to be an excellent hedge against inflation, and an excellent long-term investment generally (heightened by tax advantages).
