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Bags of Money

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"The success of tech and social media means people are looking very generally at San Francisco and Silicon Valley as places to live because these businesses are sourced here. It's highest on their radar." And with that we learn the blatantly obvious: tech bazillionaires are buying up a good amount of the Bay Area's most expensive real estate. Yammer founder David Sacks shelled out $20M for an unfinished home on Billionaire's Row; Apple hotshot Jonathan Ives paid $17M for a finished slice of Billionaire's Row; Twitter co-founder Jack Dorsey paid $9.9M for a 2-bedroom Sea Cliff abode; Zynga founder Mark Pincus wrote a check for $16M for a Pacific Heights house, and all in 2012. [SFGate]