Calif. housing market girds for newly minted Facebook millionairespublished Wed, Feb 08 2012 21:23 GMT
It will be some time before the first Facebook shares are sold to the public, and even longer before Facebook’s 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 real estate market in the Bay Area and Silicon Valley.
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