AI wealth is creating a 'mansion shortage' and upending San Francisco's housing market

Spiking prices and rental bidding wars are raising fears of more displacement in a city where previous tech booms and a housing shortage have already driven out many.

<img src='https://npr.brightspotcdn.com/dims3/default/strip/false/crop/5196x3464+0+0/resize/5196x3464!/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F77%2Fff%2Fbe265ef44cd6ba4ba4c48eaeafc4%2Fgettyimages-2284059159.jpg' alt='A view of San Francisco's North Beach neighborhood on June 29. San Francisco home prices and apartment rents are soaring as the AI boom brings a new wave of wealth to the city.'/><p>Spiking prices and rental bidding wars are raising fears of more displacement in a city where previous tech booms and a housing shortage have already driven out many.</p><p>(Image credit: Heather Diehl)</p><img src='https://media.npr.org/include/images/tracking/npr-rss-pixel.png?story=nx-s1-5930432' />