Artificial intelligence has set up camp in the housing market, affecting everything from listings to house hunting to prices. While the technology has been helpful in some cases, many worry that AI will cause more problems than it solves.
Artificially expensive
In today’s economy, the potential for home ownership is “slipping out of reach for most Americans,” said Slate . Searching for a place to live “now comes with more stressors. And we can thank the overzealous adoption of AI for that.”
AI can lead to higher prices for houses and rentals; for example, the rapid growth of AI companies in San Francisco has fostered a “heated competition among techies and non-techies to pounce on listings,” said The New York Times . San Francisco’s rents have risen by an average of 6% in