Average Rent in San Francisco Has Dropped $1k This Year

Post by sagarm » Wed, Dec 30, 2020, 5:43 PM UTC

watwut wrote: post #541

sagarm wrote: post #487

Earlier quoted context omitted.

By "forced out" you mean you could 1) sell, reaping a huge windfall. 2) use a HELOC or reverse mortgage to pay for the higher property taxes. But of course you'd prefer both to keep the windfall and not move, a privilege afforded to you by prop 13. That is only natural. Meanwhile, homelessness in the state continues to rise as high land values make housing production and anti-growth activists on planning committees e…

I find it acceptable that people want to stay at home where their social networks and memories are. You all act like it is OK to push people out from their homes, just because you have money and want that place.

If they are truly unable to pay, California already has a means tested tax postponement program:

https://sco.ca.gov/ardtax_prop_tax_postponement.html

Post by randomdata » Thu, Dec 31, 2020, 6:47 PM UTC

0xffff2 wrote: post #559

randomdata wrote: post #553

Earlier quoted context omitted.

> $2000 isn't realistic if you're counting all materials from the ground up Kitchens certainly don't magically spring up from the ground after the spring rain. You naturally would have to count every last input cost for any kind of meaningful comparison. The restaurants certainly are when pricing their food. > Adding all that up and doubling it brings us to $6000 in construction costs. For, say, a 150 sq.ft. kitchen…

>but it still seems quite low I don't know what to tell you except I have experience actually doing this. A full house needs a roof and foundation, which I neglected in my original estimate. I don't have time to work out an estimate on an entire roof and divide it to assign partial cost to the kitchen, but I doubt the roof and foundation together are going to add any more than anther $6000 for the kitchen alone. The…

> which I neglected in my original estimate.

Seems to be a lot of that going on around this topic. If you don't count every last penny, you're not being fair to what it costs to cook at home. I get it, if you only count the receipts of your rice and bean purchases, it will be pennies a day. That's not your cost, though.

> The overarching point is that we're still a long way from $60,000 for a kitchen.

I did mention that labour might be cheap where you are from. Prices can swing wildly from place to place. Labour is, by far, the largest cost in the construction, so it wouldn't be too surprising to see the cost of the final product swing widely alongside that.

The good news is that I'm not sure the exact amount matters much at the end of the day as if labour is cheaper, restaurants will also be able to produce food cheaper. No matter how you slice it, you're just not going to be able to compete with the economies of scale of a restaurant.

But ultimately it doesn't matter as people don't cook at home for rational economic reasons, they cook at home because it is an enjoyable activity. You definitely don't have to sell me on that. I love cooking. I would never trade my kitchen for an extra dollar in my pocket.

Re: Average Rent in San Francisco Has Dropped $1k This Year

Re: Average Rent in San Francisco Has Dropped $1k This Year