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San Francisco median one bedroom apartment rent hits a new peak of $3,690

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11–20 of 195 posts

Re: San Francisco median one bedroom apartment rent hits a new peak of $3,690

#11

On one hand, it’s a very high price. On the other hand, no one is entitled to a one bedroom unit in the heart of one of the human epicenters in the world. Many people here have roommates or alternate living arrangements. There are several reasons why the prices have gotten so high (lack of supply, politics, etc). But don’t expect to move your Texas ranch or Midwestern single-family-house lifestyle to SF with no compr…

Except for rent controlled tenants that is

Re: San Francisco median one bedroom apartment rent hits a new peak of $3,690

#12

On one hand, it’s a very high price. On the other hand, no one is entitled to a one bedroom unit in the heart of one of the human epicenters in the world. Many people here have roommates or alternate living arrangements. There are several reasons why the prices have gotten so high (lack of supply, politics, etc). But don’t expect to move your Texas ranch or Midwestern single-family-house lifestyle to SF with no compr…

People are entitled to build whatever they want on their property. As Silicon Valley is ruled by rent seekers who make building illegal, people have every right to complain.

Re: San Francisco median one bedroom apartment rent hits a new peak of $3,690

#13
post #6

On one hand, it’s a very high price. On the other hand, no one is entitled to a one bedroom unit in the heart of one of the human epicenters in the world. Many people here have roommates or alternate living arrangements. There are several reasons why the prices have gotten so high (lack of supply, politics, etc). But don’t expect to move your Texas ranch or Midwestern single-family-house lifestyle to SF with no compr…

>no one is entitled to a one bedroom I’m curious how do you mean this? There are a plenty of reasons as to why I wouldn’t want to have a roommate and a 2bd is not affordable.

You cut off the important bit "in the heart of one of the human epicenters in the world."

It's about location, not living space.

Re: San Francisco median one bedroom apartment rent hits a new peak of $3,690

#15

On one hand, it’s a very high price. On the other hand, no one is entitled to a one bedroom unit in the heart of one of the human epicenters in the world. Many people here have roommates or alternate living arrangements. There are several reasons why the prices have gotten so high (lack of supply, politics, etc). But don’t expect to move your Texas ranch or Midwestern single-family-house lifestyle to SF with no compr…

This is more expensive than Manhattan, Tokyo, every European capital, etc. It's more expensive because unlike most other cities San Francisco has very few residential apartment buildings. Make SF into Manhattan and watch prices fall.

Re: San Francisco median one bedroom apartment rent hits a new peak of $3,690

#16

On one hand, it’s a very high price. On the other hand, no one is entitled to a one bedroom unit in the heart of one of the human epicenters in the world. Many people here have roommates or alternate living arrangements. There are several reasons why the prices have gotten so high (lack of supply, politics, etc). But don’t expect to move your Texas ranch or Midwestern single-family-house lifestyle to SF with no compr…

Gotta ask, because this issue comes up in many major cities:

And what if the service workers who make substantially less than the higher earners who so rely on them?

Does the cost go down that much for a 4 bedroom split between four people on minimum wage? In a lot of places it doesn’t.

Re: San Francisco median one bedroom apartment rent hits a new peak of $3,690

#17
post #9
post #6

Earlier quoted context omitted.

>no one is entitled to a one bedroom I’m curious how do you mean this? There are a plenty of reasons as to why I wouldn’t want to have a roommate and a 2bd is not affordable.

Entitled is not the same as just getting what you want. If you can afford it, great. If you can’t afford it, nothing else entitles you to have it.

There's nothing inherent in that. Any more than it's inherent that in a system that awards apartments based on time on a waiting list, that time on a waiting list entitles you to an apartment in that system.

The argument is whether we should somehow alter what entitles you to an apartment in our system.

Re: San Francisco median one bedroom apartment rent hits a new peak of $3,690

#19

On one hand, it’s a very high price. On the other hand, no one is entitled to a one bedroom unit in the heart of one of the human epicenters in the world. Many people here have roommates or alternate living arrangements. There are several reasons why the prices have gotten so high (lack of supply, politics, etc). But don’t expect to move your Texas ranch or Midwestern single-family-house lifestyle to SF with no compr…

> On one hand, it’s a very high price. On the other hand, no one is entitled to a one bedroom in the heart of one of the human epicenters in the world. Many people here have roommates or alternate living arrangements.

New York is the “human epicenter” in the US. San Francisco is in the same tier as Houston or DC: https://www.lboro.ac.uk/gawc/world2018t.html.

Paying New York/London prices to live in a city that is not New York or London is just sad.

Re: San Francisco median one bedroom apartment rent hits a new peak of $3,690

#20
Note that Zumper is not a reliable source for median rent data. CityObservatory wrote an article about their data problems a few years ago [1]. Zumper's data is, of course, based on apartments that are for rent and doesn't include currently occupied units. That alone skews high, especially when there is a lot of higher-rent new construction hitting the market. Also, it looks like Zumper's data skews towards higher-end neighborhoods.

For a broader look at the rental market, including occupied units and rent-controlled units, you could just consult ACS data. That says that median rent for all occupied 1-bedrooms in San Fransisco was $1912 in 2017 [2].

[1] http://cityobservatory.org/journalists-should-be-wary-of-med...

[2] https://censusreporter.org/data/table/?table=B25031&geo_ids=...

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