Fatima Jabbe-Bio kept tenancy in Southwark despite living for much of year at presidential lodge in Freetown

A social housing flat rented by Sierra Leone’s first lady has been seized by a London council.

Southwark council confirmed it had repossessed the two-bedroom home in Walworth previously occupied by Fatima Jabbe-Bio, whose tenancy was reported by the Times last year.

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© Photograph: Ahmed Jallanzo/EPA

© Photograph: Ahmed Jallanzo/EPA

© Photograph: Ahmed Jallanzo/EPA

Employees at artificial intelligence companies are coming into gargantuan sums of money amid boom in IPOs

Home prices in the San Francisco Bay Area’s already expensive market are skyrocketing as employees at leading artificial intelligence companies come into gargantuan sums of money thanks to a boom in initial public offerings.

With San Francisco’s OpenAI and Anthropic, as well as SpaceX, which operates a major facility in the Los Angeles area, eyeing debuts on the stock market, the hot housing market may not abate soon. If their initial public offering (IPO) is well-received, the companies’ multibillion-dollar valuations are poised to produce massive wealth for employees and executives holding shares, which experts say could trigger an uptick in demand for the Bay Area’s limited housing stock.

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© Photograph: Ethan Swope/Getty Images

© Photograph: Ethan Swope/Getty Images

© Photograph: Ethan Swope/Getty Images

A cohort of young Millennial and Gen Z politicians have centered their campaigns this year on housing costs, and the divide is more generational than partisan.

© Sophie Park for The New York Times