San Francisco’s housing market is exploding thanks to the AI boom—new millionaires from tech startups and stock options are flooding the scene, driving prices sky-high and leaving renters scrambling. Homes are selling for millions over asking, a first in SF real estate history, while newcomers face unaffordable rents and wonder if they can even stay. With major AI firms like OpenAI and Anthropic poised to go public, expect even more cash to pour in—and prices to keep climbing as sellers consider stock deals and buyers bid feverishly.
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