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Median Rent SF: One Bedroom Apartment Map

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Re: Median Rent SF: One Bedroom Apartment Map

#53
post #10

Great map, but the financials are a bit misleading. Maybe a note qualifying the salary numbers with a message indicating that the stated number is more of a minimum would help. Take Mission for example - would you really spend $2250 per month rent on an 82,000 salary? That's nearly 2 weeks' take-home pay after taxes. Good financial practice says that your rent/mortgage should only be 1 week's take-home pay. A respons…

In the past century, in the US, people spent approximately 1/3 of their income on housing.

Its been years since I did that analysis, and I can't find it anymore so I don't know if it was 1/3 of pre or post tax, but I do remember that it was remarkably consistent over time.

Re: Median Rent SF: One Bedroom Apartment Map

#54
post #2

Surely a one bedroom place is the least efficient way to live? Also, bear in mind most people live in couples, so if there's two of you, a combined income of $100,000 is very reasonable, and you should be able to live anywhere here.

When people live in couples, there's a distinct possibility of being three of you instead of two of you, and then maybe more :) And then combined income of 100K is really not a lot of money.

Re: Median Rent SF: One Bedroom Apartment Map

#55

Earlier quoted context omitted.

Ah, if only SF housing was so simple. > "$100,000 is very reasonable, and you should be able to live anywhere here." $100K is really not total-freedom money in a city like SF. Take the FiDi and Mission Bay for example - $3200/month for a 1BR means $38,400 in rent every year. That's spending $39% of your pre-tax income on rent, a deeply inadvisable amount, if any sane landlord would even allow it. Even if we drop the…

> I'd be extremely surprised if >50% of SF's population is living with a spouse or partner. I think when the grandparent said "living in couples" they mean "in pairs" not "romantically engaged." Most well-to-do SFers I know live with 1+ roommate. That's all they're saying. A 2(+) BR apartment cuts costs per person because you share the "core" (kitchen, bathroom, living room).

"Couple" used to mean romantically engaged. When I lived with a roommate, if somebody asked "are you guys a couple?" it'd certainly suggest something we were not :)

Re: Median Rent SF: One Bedroom Apartment Map

#56
post #52
post #25

When the hell did bayview become so expensive comparatively?

You haven't seen anything yet. Bayview is where Google's new googleplex building will be located.........

Bay View is just the name of the new complex. It will still be located in Mountain View. [1]

[1] http://www.vanityfair.com/online/daily/2013/02/exclusive-pre...

Re: Median Rent SF: One Bedroom Apartment Map

#57
post #10

Great map, but the financials are a bit misleading. Maybe a note qualifying the salary numbers with a message indicating that the stated number is more of a minimum would help. Take Mission for example - would you really spend $2250 per month rent on an 82,000 salary? That's nearly 2 weeks' take-home pay after taxes. Good financial practice says that your rent/mortgage should only be 1 week's take-home pay. A respons…

You are right about responsible spending numbers. Tech workers making $80k-ish in SF can't really afford to live in the Mission, SoMa, South Beach etc. WITHOUT roommates. There just aren't any 1-beds for less than $2500 - $3000 in the Mission right now.

Re: Median Rent SF: One Bedroom Apartment Map

#59
post #58

I would not have expected a light patch in the lower haight. That's one of the most desirable spots in the city. (Maybe due to very low availability?)

The nice-ish two bedrooms in the Lower Haight for 3600/month are where I suggest new transplants to the city move.
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