AI windfalls turbocharge San Francisco housing market

AI wealth is fueling a San Francisco housing frenzy, with the median home price near $1.7 million and sales often exceeding asking prices by millions as new AI millionaires bid alongside tech workers. Rentals are rising, inventory is tight, and cash deals are more common in the Bay Area. The trend is helped by a rebound in SF population after the pandemic and could accelerate further if AI IPOs (OpenAI/Anthropic) unleash windfalls, potentially even allowing sellers to accept stock as payment.