Despite startup millionaires, house & condo prices in SF Bay Area and condo prices in NY City fall from a year ago. Seattle down again. Los Angeles, Las Vegas lose steam. Phoenix, others running hot.
Strongest argument in favor of an air-walking economy is WeWork, Uber, Lyft, and other unicorns destined to never make a dime. Throwing billions of dollars at these losers is a recessionary harbinger.