SF Evictions Are Up, No Matter Who You Ask. Then It Gets Complicated
3 Articles
3 Articles
At the heart of San Francisco's AI boom, housing is already being bought with company shares, and prices are exploding. "Many are very young and got rich very quickly," the broker says of the buyers.
RECIT - The rush to artificial intelligence pushes real estate prices to unprecedented levels. In the face of tech engineers recruited at gold prices, the middle classes can no longer follow. A city capable of creating colossal fortunes now struggles to house those who make it live on a daily basis.
SF Evictions Are Up, No Matter Who You Ask. Then It Gets Complicated
Market-rate rents in San Francisco have jumped nearly 20 percent in the past year, and there’s little sign that a years-long drought of new homes will end soon. In short, the latest tech boom is driving demand ever higher, and supply isn’t close to catching up. “The narrative around the AI boom is ‘San Francisco is back, baby!’ but the boom doesn’t accrue equally to everybody,” says Shanti Singh of the advocacy group Tenants Together. In such c…
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