AI wealth boom sending San Francisco home prices surging: ‘It’s ridiculous’
6d 9h ago by reddthat.com/u/throws_lemy in fuck_ai from www.theguardian.com
Home prices in the San Francisco Bay Area’s already expensive market are skyrocketing as employees at leading artificial intelligence companies come into gargantuan sums of money thanks to a boom in initial public offerings.
Overvalued housing?
Boooo, get new material, we already did that one in 2008.
09, 10,11,12...24,25,26...
As of March 2026, the median home sale price in San Francisco was more than $2,000,000.00, according to a report from real estate brokerage Compass, an 18% increase from the previous year.
Patience. Foreclosures are coming
The problem is, the banks/investment groups buy them up so it doesn't end up helping anyone.