Marketplace Tech · Tuesday, July 7, 2026
Luxury real estate advisor Alexander Lury coined the term 'mansion deficit' to describe San Francisco's current housing market, where high demand, fueled by AI-driven wealth, significantly outstrips the limited supply of luxury properties. Buyers are reportedly offering millions over asking price.
“There's a, a mansion deficit. That was the term I coined.”
“So we're looking at the whole span of the bay, the mouth of the bay, the Golden Gate Bridge, to Alkatraz. It's a $20 million view.”
“So people are offering many millions of dollars above asking price, or making generous deals before a house ever gets listed publicly.”