AI Boom Sparks Buyout Bids in San Francisco Rentals
As AI-driven demand pushes rents and home prices higher in San Francisco, landlords are offering rent-controlled tenants substantial buyouts to vacate, prompting tenants to weigh immediate cash against the risk of no-fault eviction that would only trigger the relocation payment required by law. In one case, Bernard Dethiers, 74, received a $40,000 offer and countered with $600,000 based on projected rent differential over 20 years; the owners rejected it.