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Meanwhile, as the new AI boom takes hold, the tale of who gets to stay in San Francisco and who doesn’t is told by its residents.<\/p>\n
Two San Francisco families with school-aged children, who both asked for anonymity to protect their privacy, recently succeeded in buying move-in-ready single-family homes to meet their desperate needs for more space \u2013 but only one was able to do so in the city.<\/p>\n
That family was able to purchase in the desirable family-friendly neighbourhood where they had been long-term renters after one parent, who works at OpenAI, sold some company shares last October, giving the family the financial boost needed to buy in an all-cash offer.<\/p>\n
The couple say they feel “conflicted and self-conscious” that it is AI money that has made it possible. “We’re not ostentatious people,” they add. “We’ve just done what we can with the opportunity.”<\/p>\n
In contrast, the other family, which doesn’t derive its income from AI or the tech world, had to instead move to a more suburban Bay Area town to the north.<\/p>\n
Their new home, bought in part with a mortgage, includes a pool and extra land.<\/p>\n
It is a different kind of life, notes the mother, and they have mostly adapted now \u2013 though it involves a long commute for her husband, who has a senior government job in San Francisco, and they still have “what if” moments.<\/p>\n
“We wouldn’t have left if we could have afforded to stay,” she reflects. “It kind of sucks and I do get a little salty seeing all this extra AI money squeeze everyone else out.”<\/p>\n
The Duboce Triangle flat, for the record, and according to its listing agent, sold for $3.2m \u2013 $200,000 over the asking price. Whether the deal included AI stock is confidential.<\/p>\n<\/div>\n
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