PAYNE — A Peninsula Market Letter

PAYNE No. 14 — The Wealth Effect Works Both Ways

Current Issue · Friday, November 6, 2026

Vol. I, No. 14
The Wealth Effect Works Both Ways

Bubble or correction? The AI spending debate, Bay Area housing measures, Scott Wiener’s transit policies, mortgage rates, Neuralink and Citis Agent. A ten-page journal connecting the headlines to your next real estate decision.

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Past Issues

Vol. I, No. 13 — The Palo Alto Permit ClockREAD PDFOct 30, 2026

Vol. I, No. 12 — The Two Trillion Dollar Neighbor READ PDFOct 23, 2026

Vol. I, No. 11 — The Frozen Exemption, the Ledger II & the Two Doors READ PDFOct 16, 2026

Vol. I, No. 10 — 7.40%, the Honest Ruler & the Building Ledger READ PDFOct 9, 2026

Vol. I, No. 9 — SI, the Election & the Standoff READ PDFOct 2, 2026

Vol. I, No. 8 — The Golden Handcuffs at Seven READ PDFSep 25, 2026

Vol. I, No. 7 — The Unanimous Fed READ PDFSep 18, 2026

Vol. I, No. 6 — The Bond Market Votes for a Hike READ PDFSep 11, 2026

Vol. I, No. 5 — The House Priced in Shares READ PDFAug 28, 2026

Vol. I, No. 4 — The Sixteen ThousandAug 21, 2026 Vol. I, No. 3 — The $88M Ask That Closed at $30MAug 16, 2026 The Monthly, No. 1 — July 2026 · The Property of July & 24 stories, 47 pagesAug 7, 2026 Vol. I, No. 2 — 1418 Pitman AvenueJul 31, 2026 Vol. I, No. 1 — 178 Atherton AvenueJul 24, 2026

Vol. I, No. 14The Wealth Effect Works Both Ways

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Past Issues

Vol. I, No. 14
The Wealth Effect Works Both Ways