But, if there is any market that’s not ready for a real estate crash, it’s the Silicon Valley.

If the high cost of Manhattan or Silicon Valley office space is off the table, it's to a company's advantage to pay the higher salary of a WFH person in the Bay Area (or Greenwich, CT), if that means appreciably better talent from which to choose.

If you are active in the San Jose, Sunnyvale, Santa Clara, or other Silicon Valley markets let me know. 

My location is perfect for young professional working in Silicon Valley, easy access time freeway and within convenient distance to target, sprouts, TJThanks

It is about an hour to two hours from San Francisco and Silicon Valley. 

SF/Silicon Valley are the only places insulated because of the tech bubble (which has been strengthened by pandemic).

Not to mention the foreign immigrants who flock to Silicon Valley and pump, geez, billions more into our economy.As to the rest of your points: percentages absolutely matter.

I think your fears are overblown.Some business is moving out, but Silicon Valley isn't going anywhere.

@Katie MillerI have a good story about pulling up roots in Silicon Valley and moving to Greenville South Carolina in late 2014.Happy to share but I want a private discussion first.Please contact me outside Marketplace.ThanksArn

I am in Silicon Valley I expect -10% property loss for 2020, and less in the next few years assuming steady employment.