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

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

#61

Post by bpye »

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…

Tokyo is certainly an earthquake zone as well so I don't think that explains it.

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

#62

Post by cm2012 »

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…

Locals fight against further developing the land. They don't want skyscrapers in their suburbs.

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

#63

Post by [deleted] »

fountainofage wrote: post #33
dthal wrote: post #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-en…

I guess it depends on what question you're asking. You seem to be pointing out that you think the real question is: "what is the median rent for anyone living in San Francisco?" whereas Zumper seems to be more answering the question: "if someone moved to San Francisco today, and has zero connections, what rent would they pay?" Both are valid questions, but I think it's good to set the context for if you're having a c…

[deleted]

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

#64

Post by cm2012 »

pcurve wrote: post #55

"The federal Department of Housing and Urban Development said last year that a family of four earning up to $118,400 qualified as "low income" in the city. " For comparison, in NYC, it's $83,450.

Median household income in NYC is 50k, which is an interesting contrast.

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

#65

Post by gumby »

adrianN wrote: post #54
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.

True, but having lived in Berlin (Prenzlauer Berg) and Bay Area (Palo Alto) I have to tell you the scenes, and intensity, are very very different. SV in particular (Moreno than SF) is very tech oriented while Belin is more e-commerce and food delivery.

Thiel in particular is German and has made some particularly scathing comments about the German startup scene (to the German press).

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

#66

Post by modwilliam »

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.

Why "just scoff"? There's a salary that would allow you to live comfortably and get more net income in the Bay Area - you'd want to see if the jobs can pay that salary

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

#67

Post by [deleted] »

fountainofage wrote: post #33
dthal wrote: post #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-en…

I guess it depends on what question you're asking. You seem to be pointing out that you think the real question is: "what is the median rent for anyone living in San Francisco?" whereas Zumper seems to be more answering the question: "if someone moved to San Francisco today, and has zero connections, what rent would they pay?" Both are valid questions, but I think it's good to set the context for if you're having a c…

[deleted]

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

#68

Post by hindsightbias »

NTDF9 wrote: post #29

I just visited New York on an extended trip. Most of NYC is better connected, more vibrant, more concerts, more sports, more universities, more housing, more international people, more business activity. Yet, NYC is affordable with a "functioning" commute system. People on all spectrum of income can live there. SF bay area has none of all that and yet is super expensive wasteland of suburbia. SF city is better but no…

NYC has something like 1M rent stabilized units.

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

#69

Post by joshuamorton »

oleganza wrote: post #51
seppin wrote: post #39

Earlier quoted context omitted.

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.

What is "culture" in this context? (I mean this sincerely)

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

#70

Post by xvedejas »

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…

There is local political opposition against allowing dense development. There are empty lots which do not get developed, even though the owner wants to develop it, because of neighborhood opposition and zoning regulations.
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