I'm surprised it's that cheap. I pay $1,550 a month for a 430 square foot studio 20+ miles north of Manhattan. In a gentrifying, working-class neighborhood no less.
Median Rent SF: One Bedroom Apartment Map
31–40 of 73 posts
Re: Median Rent SF: One Bedroom Apartment Map
#32Some other related statistics I thought were interesting: According to the Census, the median household income in SF was $72,947. According to census data from 2007-2011, approximately 1/3 of SF residents make over 100k. There's a notable doubling of households making >200k between 2000 and 2011, from ~20k to ~42k. Based on the two datasets, it seems like 2/3rds of the population of SF either cannot or can only barel…
There is no rent bubble. Bubbles are caused by speculation. There isn't a large amount of people renting or owning speculatively in San Francisco. In fact, pro-tenant regulations in San Francisco make it an especially bad place to speculate. I have heard of the city forcing landlords to renew leases for suspected drug users that leave spent needles all over the porch. High rents in San Francisco are caused purely by…
I don't think it's correct to imply that the city refusing to build more units is why SF is expensive. There's only so much space in SF, regardless of how high, fast, or dense you want to build.
Re: Median Rent SF: One Bedroom Apartment Map
#33Some other related statistics I thought were interesting: According to the Census, the median household income in SF was $72,947. According to census data from 2007-2011, approximately 1/3 of SF residents make over 100k. There's a notable doubling of households making >200k between 2000 and 2011, from ~20k to ~42k. Based on the two datasets, it seems like 2/3rds of the population of SF either cannot or can only barel…
There is no rent bubble. Bubbles are caused by speculation. There isn't a large amount of people renting or owning speculatively in San Francisco. In fact, pro-tenant regulations in San Francisco make it an especially bad place to speculate. I have heard of the city forcing landlords to renew leases for suspected drug users that leave spent needles all over the porch. High rents in San Francisco are caused purely by…
[deleted]
Re: Median Rent SF: One Bedroom Apartment Map
#34Earlier quoted context omitted.
There is no rent bubble. Bubbles are caused by speculation. There isn't a large amount of people renting or owning speculatively in San Francisco. In fact, pro-tenant regulations in San Francisco make it an especially bad place to speculate. I have heard of the city forcing landlords to renew leases for suspected drug users that leave spent needles all over the porch. High rents in San Francisco are caused purely by…
I don't think it's correct to imply that the city refusing to build more units is why SF is expensive. There's only so much space in SF, regardless of how high, fast, or dense you want to build.
SF isn't particularly dense. It's twice as big as Manhattan,[1] but has only half as many people. It's the second-densest major city on paper, but it seems to me that this is because the city itself doesn't have the "long tail" of less-dense urban area merging into the suburbs that other cities have.
If you look at the downtown areas of Manhattan, places like Midtown are over 100,000 people per square mile. Neighborhoods like Rittenhouse Square in Philadelphia top out over 60,000 per square mile, and neighborhoods like Gold Coast in Chicago are around 50,000. The only neighborhoods that dense in San Francisco are Chinatown (75,000/square mile) and Nob Hill (50,000 per square mile).
There are a lot of neighborhoods in San Francisco like the Mission District that are in the 20,000-30,000 range. The near north side in Chicago is about 30,000, and there are vast swaths of low-rise areas there that could be built up (the whole west side of the near north side is semi-industrial). If built with high-rises with generous street set-backs, 50,000 people per square mile is very easy to achieve without feeling cramped.[2]
[1] And frankly, even Manhattan as room to grow. If upper manhattan were as densely built as lower manhattan, you could probably fit another half a San Francisco onto the island easily.
[2] When people think of 50,000+/square mile density, they think of Manhattan, but that's a bit misleading. Manhattan's paper density is understated because it has an absolutely enormous daytime population (almost 4 million people, or 180,000 per square mile). This is the result of everyone commuting in from NJ, CT, etc. Manhattan also has relatively poor set back and air and light requirements, no alleys (so people share street space with trash bags), tons of tourists, etc, which all make the place feel more cramped than it would otherwise be. My neighborhood in Chicago is 50,000 residential per square mile, and it can feel pretty empty if you stay away from the tourist areas. That's because land area is saved by having residential high-rises, which allows very generous set-backs for air and light and broad sidewalks.
Re: Median Rent SF: One Bedroom Apartment Map
#35Earlier quoted context omitted.
There is no rent bubble. Bubbles are caused by speculation. There isn't a large amount of people renting or owning speculatively in San Francisco. In fact, pro-tenant regulations in San Francisco make it an especially bad place to speculate. I have heard of the city forcing landlords to renew leases for suspected drug users that leave spent needles all over the porch. High rents in San Francisco are caused purely by…
I don't think it's correct to imply that the city refusing to build more units is why SF is expensive. There's only so much space in SF, regardless of how high, fast, or dense you want to build.
I think that what they mean is that the height of buildings in SF is limited in most places (except the financial district).
So while the land is mostly occupied, the buildings could be 10x bigger (each of them).
So yes.. there is some "artificial" scarcity. Yes but. If the city was a manhattan with only big buildings, nobody would want to live there, anyway. The reason why people like SF is that it does NOT feel too much like a big city IMO
Re: Median Rent SF: One Bedroom Apartment Map
#36Why is Seacliff so low? That's one of the nicest parts of town.
Re: Median Rent SF: One Bedroom Apartment Map
#37I'm surprised it's that cheap. I pay $1,550 a month for a 430 square foot studio 20+ miles north of Manhattan. In a gentrifying, working-class neighborhood no less.
I know people that live in Manhatten studios that big for less, so there must be something else to your location, benefit wise?
Re: Median Rent SF: One Bedroom Apartment Map
#38Some other related statistics I thought were interesting: According to the Census, the median household income in SF was $72,947. According to census data from 2007-2011, approximately 1/3 of SF residents make over 100k. There's a notable doubling of households making >200k between 2000 and 2011, from ~20k to ~42k. Based on the two datasets, it seems like 2/3rds of the population of SF either cannot or can only barel…
There is no rent bubble. Bubbles are caused by speculation. There isn't a large amount of people renting or owning speculatively in San Francisco. In fact, pro-tenant regulations in San Francisco make it an especially bad place to speculate. I have heard of the city forcing landlords to renew leases for suspected drug users that leave spent needles all over the porch. High rents in San Francisco are caused purely by…
[deleted]
Re: Median Rent SF: One Bedroom Apartment Map
#39Earlier quoted context omitted.
I'm not sure what you mean by "efficient". personally I live in a one bedroom, and there's one of me, and the heat map for my area looks perfectly accurate. I'm also happy not to be forced to live with someone and still work any where I like. Freedom 'n all.
So wait, couples are 'forced' to live together? You would think a couple would like each other to some extent, and in a lot of cases enough to gladly live together.
I meant roomates but to be honest, it could be the same for couples. If couples don't wanna live together, why not? Because its not the accepted social behavior? Meh. It's up to the couple, nobody else.
Re: Median Rent SF: One Bedroom Apartment Map
#40Why is Seacliff so low? That's one of the nicest parts of town.
Constantly foggy?