News for hackers. Stuff that matters.

A comment on Bank Run at Silicon Valley Bank. Parent comment

Re:Bank Run at Silicon Valley Bank by diordiderot on Thursday March 09, 2023 @06:21PM (#35088290)
But if house prices (and therefore rents) go down, people will need lower salaries for an equally comfortable life, pushing labour costs down, making housing cheaper. Man economics is easy
[ Parent | on HN ]
Re:Bank Run at Silicon Valley Bank by subroutine on Friday March 10, 2023 @12:38AM (#35090799)
Why would rent go down if a substantial part of the market is owned by a monolith (banks/institutional investors) who can impose price control? This is already slowly happening.

https://www.cnbc.com/2023/02/21/how-wall-street-bought-singl...

[ Parent | on HN ]