Live data from Hacker News

How to find an apartment in San Francisco during the tech boom

jasonevanish.com

11–20 of 120 posts

Re: How to find an apartment in San Francisco during the tech boom

#11
post #3

As a non-US person moving to SF later this year, I don't have a US credit rating yet. How do I go about looking for places?

I'd recommend either finding a sublet or a group of people with an existing lease who are seeking a new roommate. This will give you some time to build your credit score and learn the neighborhoods before you sign your own lease.

Re: How to find an apartment in San Francisco during the tech boom

#12
post #3

As a non-US person moving to SF later this year, I don't have a US credit rating yet. How do I go about looking for places?

It's not that hard. I just did it and didn't have a problem. Bring proof of employment (offer letter) and be prepared to pay a higher deposit.

Re: How to find an apartment in San Francisco during the tech boom

#14
This is a welcome and timely article since I'm about to pull up stakes in Georgia and move to SF in late July (cue Otis Redding). I am planning on couch-surfing with friends for the first few weeks while I find a good sublet for a few months. Hopefully after that I can get an apartment when I have a job and know the neighborhoods a little better. Are rents really accelerating upward so quickly that I'm better off finding an apartment as soon as possible?

Re: How to find an apartment in San Francisco during the tech boom

#15
If you don't have any friends you can stay with in San Francisco, a good alternative is booking a bed in a hostel for a few weeks. They're cheap (as low as $25/day, if you're willing to share a room with a few people), centrally located, and sometimes offer perks like free breakfast and coffee. You should take a few extra precautions with your valuables -- I keep my laptop, wallet, and phone next to me when I sleep, instead of putting them in the locker -- but most of the people who pass through are young travelers. There are plenty of options to choose from in the Tendernob, which is basically a hostel/student district, and not nearly as bad as this blog post makes it sound.

Re: How to find an apartment in San Francisco during the tech boom

#16
post #4

Missing option: (11) work remotely and live wherever you want. Red Hat's virtualization team is based all around the world, in offices but also many remotees. I'm one of them and I like nothing more than sitting in my cottage garden on a sunny day with a laptop and wifi connection. It's a great place to think.

Agreed. I lived in the Bay Area for 10 years and while it's nice there, there are other places that are equally nice without the hassle of having to pay so much in rent. Think of it this way: Even if you cash out rather nicely from a startup (as I did), you still won't be able to afford to buy a house outright unless you want to go back to work right away.

I left for Austin, TX and I truly love it here. I'm running a tech company here, too, and so far we haven't had any problems finding talent--even a Python developer!

I wrote an article about living outside of the Valley, and whether it's worth it for you, here: http://www.erica.biz/2012/austin-vs-silicon-valley/ Nearly 2,000 people have read it, and there is some interesting discussion in the comments.

Re: How to find an apartment in San Francisco during the tech boom

#17
Renting in SOMA right now is crazy, and 1 brs in the heart of SOMA near 4th and King are going for over $3000/month. If cost is an issue, places like SOMA, PacHeights, etc, are not good choices because it's super expensive. The danger with renting in SOMA is that unless you're moving into an old apartment, there is no rent control. If rent prices go up next year, you could find yourself paying $500+/month more next year.

Nob Hill, etc, has terrible, terrible parking. I have a good friend that lives there that I no longer visit unless it's in the middle of the day on Saturday, because of the terrible parking, you could literally spend 1 hr looking for parking after 6pm. If parking is not an issue (no car or get a scooter), then it's a viable option, but not having a car in the Bay Area ends up being severely limiting.

There are plenty of other cost-effective places on the west side of SF that can go for less than half the price of SOMA. For someone new moving into the area, my advice would be to get a cheap single place in Outer Sunset with hopefully a short-term lease, and then once you meet more people, you can band together with people that you know well and rent a bigger apartment somewhere else in the city. Signing a lease with someone that you don't know has tremendous long-tail risk, so I would take the hit in terms of moving a bit further away when you first move to SF, and do a lot of due diligence and get to know the city and your potential roommates better.

Another viable option is to not live in the city, especially if you don't work in the city. Places along the peninsula are much cheaper, and if you do work in FiDi or SOMA it's probably more cost effective to rent a place outside of SF and Caltrain it in.

My own strategy is:

  1) Check Craigslist once an hour, or more depending on how much web surfing I'm doing.
  2) If I find a place in an area that I like, I immediately contact them and ask for a showing that day or as soon as possible.
  3) I come with all my documentation ready, including my checkbook.
  4) If I like the place, I immediately submit an application.
  5) Continue looking at other apartments, because they're no guarantee that I will get this one.
I've never personally heard of the law that says that you have to rent to the first qualified applicant, and it sounds unenforceable, so I wouldn't count on it. How do you determine who is "qualified"?
Post reply on HN