Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

cnet.com

Post reply on HN
Print view View original

81–90 of 195 posts

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

#81

Post by whatshisface »

yingw787 wrote: post #34

I think high rent prices are bad for a number of reasons: Less flexibility in starting a company: You can't choose to bootstrap unless you do it as a side hustle at a megacorp, and it's hard to not compete with a megacorp because it does everything. You have to take VC funding and follow VC rules to some degree, and it may not be a direction you wish to follow. This is a feedback loop. Oligopsony employment condition…

>all people deserve shelter as a basic human right

I hear this a lot and it still makes absolutely no sense. Where will they get the shelter from? What if the builder doesn't want to build a house for that person? Is the plan to force the labor out of them? Every positive right that I have ever seen comes along with an implicit demand that somebody else become a slave.

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

#82

Post by Cyclone_ »

modwilliam wrote: post #66
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

Looking at salary data from several places, even a $200k base seems pretty rare, most developers are not making that much in the bay area. People in the bay area are going to have less purchasing power than developers in most other places around the country.

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

#83

Post by Cyclone_ »

wycs wrote: post #12
askafriend wrote: post #2

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.

"Rent seekers who make building illegal"? I don't think it's the people seeking rent who would make building illegal.

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

#84

Post by timcameronryan »

whatshisface wrote: post #81
yingw787 wrote: post #34

I think high rent prices are bad for a number of reasons: Less flexibility in starting a company: You can't choose to bootstrap unless you do it as a side hustle at a megacorp, and it's hard to not compete with a megacorp because it does everything. You have to take VC funding and follow VC rules to some degree, and it may not be a direction you wish to follow. This is a feedback loop. Oligopsony employment condition…

> all people deserve shelter as a basic human right I hear this a lot and it still makes absolutely no sense. Where will they get the shelter from? What if the builder doesn't want to build a house for that person? Is the plan to force the labor out of them? Every positive right that I have ever seen comes along with an implicit demand that somebody else become a slave.

There's no shortage of builders. You can just compensate those workers with taxes. If you think taxes are also a form of slavery, that's a different discussion.

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

#85

Post by Cyclone_ »

rayiner wrote: post #80
genidoi wrote: post #36

Earlier quoted context omitted.

SF maximizes technological intelligence, Wall Street maximizes financial intelligence. Plenty of overlap, but the top talent stays where the rest of the top talent is.

Having technological intelligence doesn’t make San Francisco a “human epicenter” (whatever that is). I wouldn’t even call San Francisco a technological epicenter. Even within computer technology, much of the most important technological intelligence in the US is outside San Francisco: in Portland (Intel), Seattle (Microsoft), San Diego (Qualcomm), and maybe San Jose (Cisco). Put differently, what cities would be most…

Agreed, SF has a lot of tech companies, but a lot of them don't do things that ate very valuable for society, many are social networking/advertising.

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

#86

Post by Gibbon1 »

whatshisface wrote: post #81
yingw787 wrote: post #34

I think high rent prices are bad for a number of reasons: Less flexibility in starting a company: You can't choose to bootstrap unless you do it as a side hustle at a megacorp, and it's hard to not compete with a megacorp because it does everything. You have to take VC funding and follow VC rules to some degree, and it may not be a direction you wish to follow. This is a feedback loop. Oligopsony employment condition…

> all people deserve shelter as a basic human right I hear this a lot and it still makes absolutely no sense. Where will they get the shelter from? What if the builder doesn't want to build a house for that person? Is the plan to force the labor out of them? Every positive right that I have ever seen comes along with an implicit demand that somebody else become a slave.

What will you do when it happens to you? That you have no place to live?

Because it will.

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

#87

Post by isoskeles »

Cyclone_ wrote: post #83
wycs wrote: post #12

Earlier quoted context omitted.

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.

"Rent seekers who make building illegal"? I don't think it's the people seeking rent who would make building illegal.

"Rent seeking" is a specific term in economics referring to people who seek to extract wealth from the economy without adding to it in any way, e.g. "make building illegal" in order to force up the value of their own property.

https://en.wikipedia.org/wiki/Rent_seeking

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

#88

Post by afarrell »

ndnxhs wrote: post #40
52-6F-62 wrote: post #16

Earlier quoted context omitted.

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.

The service workers move somewhere else where they can afford to live. The ones that remain can demand a higher price for their work

...When they are actually working. But if you are fired from the job, you still need to pay rent for the time it takes to find a new job.

Having high rent reduces your personal “runway”. This makes bootstrapped startups hard and it makes like as a lower-income worker very risky/stressful

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

#89

Post by jamienicol »

whatshisface wrote: post #81
yingw787 wrote: post #34

I think high rent prices are bad for a number of reasons: Less flexibility in starting a company: You can't choose to bootstrap unless you do it as a side hustle at a megacorp, and it's hard to not compete with a megacorp because it does everything. You have to take VC funding and follow VC rules to some degree, and it may not be a direction you wish to follow. This is a feedback loop. Oligopsony employment condition…

> all people deserve shelter as a basic human right I hear this a lot and it still makes absolutely no sense. Where will they get the shelter from? What if the builder doesn't want to build a house for that person? Is the plan to force the labor out of them? Every positive right that I have ever seen comes along with an implicit demand that somebody else become a slave.

Or that the government builds and supplies houses to those in need. Unless you think paying taxes is slave labour.

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

#90

Post by mavelikara »

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.

But that implies he might have to make trips to those places. Well, he's the one with the money, so he's going to optimize for his convenience.
Post reply on HN