Earlier quoted context omitted.
yes. In 2015 it was more than 50k people. Even if they all share rooms, it's a lot of demand on an housing stock that grows slowly.
From your link: > About 10 percent of the LCAs approved last year, or 53,500, were for jobs in Silicon Valley and San Francisco. But, it also adds that: > More than one employee can be attached to an LCA, and there’s no limit on how many a company can submit. As a result, the number of LCAs accepted by the Department of Labor often far exceeds the number of H-1B visas issued. Furthermore, when a person on H-1B alread…
You're also skipping over the fact that H1B people have families and tend to bring family members into the area.
Overall I'm comfortable to say the number is still probably in the right ballpark until I'm shown evidence of the contrary.