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Douglas Zeller's Blog

By Douglas Zeller | Broker in El Dorado County, CA

How Will the Facebook IPO Affect Housing?

Headlines were made when Facebook announced its plans to go public, creating a new generation of Facebook millionaires. Many have been speculating about what these fresh-faced millionaires will do with their money. Others have been asking how they will affect the housing market.

 

“It will be some time before the first Facebook shares are sold to the public, and even longer before Facebook employees are able to turn their paper wealth into cash and officially take their places as the newest members of the 1 percent. But the mere anticipation of the event may pour a little kerosene onto what is already a fairly hot ...

 

Thought you might enjoy this article by Zoe Eisenberg: newsletter@rismedia-enews.com

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