Post by Augustine Chiagozie (@pabloexchange)

🏘 San Francisco homes are being sold for OpenAI shares

Some home sellers in San Francisco are accepting OpenAI and Anthropic shares instead of cash, even though neither company is publicly traded.
One $2.995 million home attracted an offer from an OpenAI employee for more than $1 million above the asking price, while another seller offered a $500,000 discount if the buyer paid in Anthropic stock.
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The rush is driven by expectations that future IPOs could create more than 16,000 millionaires in the Bay Area. This year, 144 homes sold for at least $1 million over asking, compared with just 8 during the first half of 2025. Homes priced above $10 million have doubled, while inventory has fallen to fewer than 600 listings.
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Private company shares are increasingly being treated like cash, even before the market has determined what they're actually worth.

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