False. Is supply and demand and income inequality. Ever since the global internet companies became ludicrously rich, more and more engineers with outsized walle

False. Is supply and demand and income inequality. Ever since the global internet companies became ludicrously rich, more and more engineers with outsized wallets have squeezed everyone else out. It’s always been expensive and there has always been NIMBYs but it’s been crazy since 2010. It takes one or two houses to change the comps in a neighborhood. I sold my house last year. Two married Google engineers came in $250k above everyone else, which was already $500k above list. We found another all-cash offer that was willing to go 50k above the Google engineers so we sold for $800k above list. Ever since then the house prices in that neighborhood are 300k above those prices. So the price in the neighborhood jumped $1M last year. Saying it’s nimbyism is stupid. It’s capitalism.