[RE]

THEGUARDIAN.COM 2026-10-08

An AI boom is sending San Francisco rents through the roof: ‘Nowhere left for people to go’

“This is San Francisco on repeat,” said Quintin Mecke, executive director of the San Francisco Council of Community Housing Organizations, “We treat housing like a commodity rather than a home that people have a right to, and we don’t learn any lessons.

A perfect example of why there is a global housing crisis and why Capitalism fails the fundamental obligation of a society to provide shelter for its members.

Did the AI Boom all off a sudden raise the costs of the owners of the buildings so they have to charge more?  No, once the Workers start making more money, the Owners raise the rents to extract more profit from them.  Even if you are one of the lucky ones making the Big Boom salaries, you lose the money as fast as you make it to the Rentiers.  For the people NOT making the big bucks, they're left literally out in the cold.

Until this model is destroyed, housing will remain a social crisis.  Sadly neither party has the balls to Nationalize the RE industry and build housing with the prices fixed to the cost of building it, not to a speculative market.

RE