You think Bay Area housing prices are crazy now… just wait my friends… just wait. That 28 year old kid who has been selling online advertising for the last 6 years is going to buy your 3 million house, tear it down, and build a 10 million house… and that’s just for her butler to live in.
See the WSJ article by clicking here.
thebrackpipe commented: Am I jealous? You better believe it. All I do is help market and sell novel, minimally invasive cardiac devices that extend life and improve quality of life. FB’s response – “We feel for you, Andrew. How about a free version of Farmville Plus? It really unlocks the power of FB.”
Kerstin Johnsson commented: It already started happening last spring, and by fall, every house I looked at sold for ALL cash. Argh!
thebrackpipe commented: Damn… why couldn’t I have just sold advertising!!! Why, why!!!
Jessica Shambora commented: I like that you said “her”
Eliot Hodges commented: Apparently a lot of hedge funds have bought up a lot of properties in SOMA in anticipation of the IPO.
Nick Damiano commented: As a fellow medical device guy, I feel your pain. The world doesn’t value what we do as much as what, say, a Facebook advertising associate or an investment banker does. Hell, the world values me less now than it did when I was pushing subprime mortgages on people 5 years ago. Best case for people like us is that our company will sell out to a Medtronic or the like for 1/100 of Facebook’s value. But hey, at least you can go home every night to the two room pool house you’re renting behind that Facebook employee’s $10 million mansion feeling good about the work you’re doing. Isn’t that worth it?
thebrackpipe commented: It is absolutely worth it. As much as I’ll complain about this FB IPO, I wouldn’t trade working in the healthcare field. Speaking of… back to saving lives : )
Kerstin Johnsson commented: Ummm, can I just note that as a marketing/sales guy, you’re still making significantly more than most of those engineers that actually INVENTED and DEVELOPED that life-saving device… Just sayin’… Life’s a lot more fair to “your kind” than mine. :-\
Jessica Shambora commented: Hey guys, just want to note here that Facebook has changed a lot of people’s lives and the only way we can keep doing that is by having a business model that supports the platform. Thanks to capitalism, that happens to be advertising. So if you want to be sour, complain about that.
Koy T commented: Medicine is a commodity, but that Farmville. Farmville will rule the world! Sweet if I could only capture my lost sheep. :p
thebrackpipe commented: I’m sour about capitalism… wait… no… I’m not… I just want to live where I work. I don’t want to commute from San Ramon!
Koy T: Don’t be bitter. Just start a revolution in some banana republic.