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

cnet.com

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

#51

Post by oleganza »

seppin wrote: post #39
jdavis703 wrote: post #25

Earlier quoted context omitted.

> Paying New York/London prices to live in a city that is not New York or London is just sad. I’m coming to this point. If I’m going to pay a New York level rent I might was well enjoy a 24/7 subway, a plethora of good restaurants and a beach that’s actually warm in the summer.

And actual culture.

To the downvoters: I moved to SF/BA 3 years ago after living 8 years in Paris (France) and before that 20 years in St. Petersburg (Russia). There is noticeably more culture and diversity in both Paris and SPb than in SF/BA.

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

#52

Post by adrianN »

i_am_nomad wrote: post #46
NTDF9 wrote: post #21

Earlier quoted context omitted.

Policemen make six figures. Others commute from 2 hours in.

To be fair, police (and firefighters) make six figures because they have powerful unions who finance the campaigns of the very people who decide their salaries. Ironic that the people charged with protecting our communities are the ones destroying them.

I'm not sure how paying policemen a wage that allows them to live where they work is destroying the community.

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

#53

Post by stale2002 »

towaway1138 wrote: post #48

When headhunters contact me about SF (or even Bay Area) jobs, I just scoff and shut them down. If you're fresh out of school, no family, and willing to live in a hovel for some interesting life experience, sure. But if you're an adult, it's no way to live. And putting kids through it is frankly unethical.

Well it depends.

I'll agree with you that if you work at a rando tech startup, the costs of living are going to be quite high, and make it probably not worth it.

But, the whole equation changes if you are working for a big 5 tech company, or hot unicorn company.

These companies will pay you double what the rando startups pay. Who really cares if you are paying 40k a year on rent, if your total compensation breaks 250K.

And getting 250k+ as an engineer, with a couple years experience, is only really possible in the Bay area.

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

#54

Post by adrianN »

sonnyblarney wrote: post #43

It's an existential issue. "Peter Thiel: The vast majority of the capital I give companies is just going to landlords" [1] [1] https://finance.yahoo.com/news/peter-thiel-vast-majority-cap...

He could try giving capital to companies in other locations. Rent in Berlin in less than a third of what you pay in SF.

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

#56

Post by ksec »

Excuse my ignorance. SF doesn't look anywhere like Hong Kong, possibly the most crowed places on earth, and it is not close to Tokyo or Seoul. It has plenty of Spaces, for many coming from Asia, most part of SF is like country side so to speak.

What cant there be more housing development on the edge of SF, or taller building with many smaller apartments etc. Underground packing lot?

Edit: Ok, is it because it is in an Earthquake zone?

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

#57

Post by puranjay »

jdavis703 wrote: post #23
sys_64738 wrote: post #18

I always wonder how those who are not in the high paying jobs can afford to live there. I'm talking about police, fire, EMS, coffeehouse workers, etc.

They don’t. For example in nearby Atherton the cops have made makeshift sleeping quarters in the police station because they cannot afford to live in the city they work. Many of the homeless in tents or RVs have jobs in the city, the sole reason they’re homeless is because there are no homes affordable on a low-wage job.

Why aren't these people out in the streets protesting this? It seems so wrong

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

#59

Post by Zenbit_UX »

omegaworks wrote: post #47
wbl wrote: post #15

Earlier quoted context omitted.

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.

>Make SF into Manhattan and watch prices fall. I don't see how that follows. Manhattan is Manhattan, and yet prices still rise, families and communities are still displaced, and there are still people that are un or under-housed. In America, housing is an asset that appreciates in value for the purpose of resale. For the middle class, housing has been the primary means of accruing wealth and for many is the entirety…

You don't understand how Manhattan optimized for density before prices rose this high?

The parent is saying if SF had the housing density of Manhattan it would take decades of more growth before prices reach NYC levels.

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

#60

Post by supermw »

ksec wrote: post #56

Excuse my ignorance. SF doesn't look anywhere like Hong Kong, possibly the most crowed places on earth, and it is not close to Tokyo or Seoul. It has plenty of Spaces, for many coming from Asia, most part of SF is like country side so to speak. What cant there be more housing development on the edge of SF, or taller building with many smaller apartments etc. Underground packing lot? Edit: Ok, is it because it is in a…

Why build more housing if people will continue to happily pay these prices to live here? The goal isn't to cram as many people as possible in a single pcity.
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