We get asked almost every day whether we think a bubble is forming around social media companies like Facebook, Twitter and Zynga. And with Facebook buying Instagram this week for $1 billion, “bubble” is now on the tip of everyone’s tongue.
They say you can see a bubble if you look at the real estate markets. So here is a bit of color from the Inner Mission, one of the neighborhoods popular with programmers, developers and other young professionals driving the latest iteration what-may-soon-be-a-bubble.
Listed as a fixer upper, this property received 32 offers after 9 days on the market. No typo, 32 offers.