The Quiet Climb Why a Boring Housing Market Might Be the New American Dream
California’s AI boom is propping up luxury home prices especially in tech hubs like San Francisco but masking deeper weaknesses in the broader housing market. While AI-driven wealth and stock compensation support high-end demand and state tax revenues, job cuts, affordability pressures, and a severe housing shortage are straining middle-income buyers and construction. The result is a market that appears strong at the top but increasingly fragile beneath the surface.
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