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Tech Titans Peter Thiel, Matt Jacobson, Cameron and Tyler Winklevoss, Mich Mathews, Elon Musk Buy Homes in Los Angeles

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Developments Blog. In March of last year, Matt Jacobson, head of market development at Facebook, paid $10.9 The arrival of techies has also had a profound effect on the rental market, brokers and real-estate developers say. Rents have increased by just 2% across Los Angeles over the same time period, he says.