I'm not even convinced it would do that. I'd love to get my hands on employment numbers of VC funded startups that aren't profitable vs those of big established tech giants like Google, FB, Apple, Adobe etc. with strong revenue streams and billions in the bank to weather whatever comes.
My hypothesis is that the former group are a small enough number where they might shake up confidence in the housing market temporarily, but would ultimately not sufficiently dent demand.
Big companies might go on a hiring spree for cheap talent and the housing market continues as it has been.
China money drying up could also be a catalyst or a natural disaster like a major earthquake could be another.
shostack|9 years ago
My hypothesis is that the former group are a small enough number where they might shake up confidence in the housing market temporarily, but would ultimately not sufficiently dent demand.
Big companies might go on a hiring spree for cheap talent and the housing market continues as it has been.
China money drying up could also be a catalyst or a natural disaster like a major earthquake could be another.