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The Tech Generation impact on SF Housing...
"The Hot Spot for the Rising Tech Generation" I found this article in a recent edition of the Wall Street Journal which pretty much sums up the current market here in San Francisco... 
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By NANCY KEATES and GEOFFREY A. FOWLER

San Francisco
A bidding war broke out in November when a small house in San Francisco's tightly packed Noe Valley came on the market.
Twenty-two people, including employees of Facebook, Zynga, Google and Pixar, battled for the home. The winning offer was $1.5 million—40% higher than the asking price. The house had a great view, but it was only 1,800 square feet and came with an old kitchen which, like most of the interior, was covered in 1970s plywood paneling. Seen from the curb, there's hardly any house at all—just a one-car garage and gate leading to small front courtyard.
The inconspicuousness was part of the attraction, said Jasmin Arneja, 42, who bought the two-bedroom house with her husband Gagan, 40, a software engineer at a networking start-up. "It's the antithesis to these outrageous bizarre Gordon Gekko-esque houses. It just incorporates so much of our values," said Ms. Arneja, who runs a philanthropic advisory firm. ... more

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