What’s Worth More Than Cash in San Francisco Real Estate? Anthropic Stock
San Francisco real estate sellers are increasingly accepting equity in AI companies like Anthropic and OpenAI as payment for luxury homes. This trend highlights the immense paper wealth generated by the AI boom and the liquidity challenges faced by tech employees.
Why it matters
The use of private company stock as a substitute for cash in real estate transactions reflects the high valuation and speculative nature of the current AI market.
Photo-Illustration: Darrell Jackson; Getty Images Comment Loader Save Story Save this story Comment Loader Save Story Save this story Few things are more valuable in the Bay Area than real estate. In San Francisco, the median house price is now over $2 million . Last month, at least seven houses in the city sold for $1 million over the asking price , and buyers regularly offer to pay in cash or waive contingencies to stay competitive. Yet there is one thing that remains even more valuable than a house, and possibly more valuable than money itself: stock in Anthropic or OpenAI.
The article reports on a market trend using anecdotal evidence and industry observations without taking a stance.
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