San Francisco Home Sellers Don鈥檛 Just Want Cash Anymore. They Want OpenAI and Anthropic Stock: ‘There’s a Bit of Gold Rush’
Ahead of potential OpenAI and Anthropic IPOs, some Bay Area homeowners are asking buyers to pay with private AI shares.
There鈥檚 a new gold rush mentality sweeping the Bay Area, but this time people aren鈥檛 panning for gold 鈥 they鈥檙e chasing OpenAI and Anthropic stock. As OpenAI and Anthropic move closer to potential IPOs, Silicon Valley is bracing for a wave of newly minted millionaires. And some San Francisco homeowners are trying to get in before that happens, according to .
When real estate investor Nima Gabbay listed his three-bedroom San Francisco home for nearly $3 million, he added an unusual offer: He would accept shares of OpenAI or Anthropic as payment. Two OpenAI employees reportedly tried to make a deal, including one who offered more than $1 million over asking.
鈥淭here鈥檚 a bit of a gold rush situation right now in San Francisco,鈥 Gabbay told The New York Times.
San Francisco home sales above $10 million have doubled over the past six months, and one home recently sold for $15 million, nearly twice its asking price.
Some sellers believe AI stock could appreciate faster than real estate itself. One Sonoma County homeowner even offered a $500,000 discount off his asking price if a buyer paid with Anthropic shares.
There鈥檚 a new gold rush mentality sweeping the Bay Area, but this time people aren鈥檛 panning for gold 鈥 they鈥檙e chasing OpenAI and Anthropic stock. As OpenAI and Anthropic move closer to potential IPOs, Silicon Valley is bracing for a wave of newly minted millionaires. And some San Francisco homeowners are trying to get in before that happens, according to .
When real estate investor Nima Gabbay listed his three-bedroom San Francisco home for nearly $3 million, he added an unusual offer: He would accept shares of OpenAI or Anthropic as payment. Two OpenAI employees reportedly tried to make a deal, including one who offered more than $1 million over asking.
鈥淭here鈥檚 a bit of a gold rush situation right now in San Francisco,鈥 Gabbay told The New York Times.
San Francisco home sales above $10 million have doubled over the past six months, and one home recently sold for $15 million, nearly twice its asking price.
Some sellers believe AI stock could appreciate faster than real estate itself. One Sonoma County homeowner even offered a $500,000 discount off his asking price if a buyer paid with Anthropic shares.
