These days, "it takes an equity event (or two) for an entrepreneur to even afford to stay [in San Francisco]," says Louis Gray head of Google Developers Live, who predicts "an odd phase of the inner city in reverse, with the less privileged fleeing to the outskirts and commuting in to work with those who've already hit it big."

As of June, the average price for a 1 bedroom condo in San Francisco was $630,000, but there's still room before the market hits "peak exuberance," argues Priceonomics. In 2000, 74 percent of homes sold above asking price; in the first half of 2013, only 64 percent did. "Only."

Brit Morin, Silicon Valley's favorite camp counselor, is expanding her plagiarist DIY movement: the San Francisco Business Times says her macaroni-gluing firm "signed a three-year lease for a 9,700-square-foot office near Union Square," putting those investment millions to work. That's a lot of space to fill shoeboxes with glitter.

It'll be quite some time before the social network's Manhattan vanguard moves to its sprawling, 100,000 square foot Frank Gehry-designed space. But even a peek at this model shows that it's going to be a desk palace fit for tech royalty.

It's July (almost August!), but a haunted house is never out of season: one third of the team at an L.A. digital ad company work—and sleep—in one abode. Without a salary. There is no Silicon Cult. There is no Silicon Cult.

After four years in San Francisco's Noe Valley hood, one of Twitter's dads, Evan Williams, is moving on to something better, and presumably more expensive.

I also really love that the back of the Facebook HQ sign is still the Sun logo. Nice tribute to the last resident: pic.twitter.com/gD13HpVbn0

The little 7o-year-old house at 353 Carmelita Drive is about as unspectacular as American real estate gets: two bedrooms, one and a half baths, and a modest 960 square feet. Elsewhere in the country (or at least the state) you could probably snatch it up for around a quarter million, tops: but in Google's back yard, it's four times that.

According to a source, Amazon may have settled on a location for the mammoth office space the company began seeking in February: the Williamsburg waterfront.

According to Serkan Piantino, head of Facebook's New York engineering team, the crew's move isn't going to be just any humdrum relocation: Frank Gehry, legendary designer of big wavy metallic buildings, will be converting two entire floors of office space for the social network.

Crain's says Facebook is tired of its lackluster digs in the Bank of America Tower, nuzzled between finance offices filled with its corporate antitheses. So how about a very expensive relocation to one of New York's priciest neighborhoods?

Boats, part of Hawaii, and now $200 mil worth of luxury Malibu real estate—tech billionaire Larry Ellison's eternal spending spree crusade continues. This is how you stay busy when you're the third richest man in America.

There will never be a good time to be poor, or a bad time to be rich: the NYT has a sad report from Palo Alto, where soaring real estate prices are starting to squeeze out ordinary humans.

What's an investment bubble without a housing bubble to go along with it? Glenn Kelman of realtor service Redfin.com says houses are selling within hours, "everyone has money," and the market is "madness." This has never gone wrong.