Post #4036888

2026-07-23 13:02 UTC

@lcamtuf@infosec.exchange I've heard that in SF and many other markets, private equity investment has been a large scale reason, artificially pumping up prices to fuel the usual greed for sky-high profits.

Replies (2)

@lcamtuf@infosec.exchange 2026-07-23 13:19

@dougmerritt@mathstodon.xyz People say that, but I suspect it's a bit of an "I'm stuck in traffic" / "you're the traffic" kind of a deal. I mean, the macro reason must be in good part that you have millions of very affluent people competing for 1970s shacks in a region that makes it fabulously difficult to build more housing. I'm sure that there's some speculation that makes it worse, but most homes are owned by individuals or small-scale trusts / LLCs which are *probably* not fronts for BlackRock.

Open ##4036887
@undead@masto.hackers.town 2026-07-23 13:15

@dougmerritt@mathstodon.xyz @lcamtuf@infosec.exchange Has been since about 1989. The Loma Prieta earthquake started a speedrun on "crisis/demand based pricing". Asking rents doubled that year across the entire Bay Area, have been divorced from inflation ever since.

Open ##4039560