San Francisco housing goes off the rails as tech cashing out surges

Private tech wealth is quietly turning into home demand

San Francisco’s housing market appears detached from ordinary affordability, driven by the city’s booming tech fortunes. Employees at some of the world’s most valuable private companies have been stacking wealth and, increasingly, cashing out. That flow of money is boosting demand and intensifying competition for homes, pushing prices further away from the broader market reality.