Aren’t you glad you don’t live in San Francisco?

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I knew the rents were soaring, but this is ridiculous. From Ian Sherr on CNet: The median rent for a one bedroom apartment in San Francisco has reache
[See the full post at: Aren’t you glad you don’t live in San Francisco?]

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ve2mrx, GreatAndPowerfulTech, Elly, Myst, WildBill

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That is beginning to sound like Hong Kong level rents.

Monthly rent for 900 Sqft. (85m2) furnished accommodation in EXPENSIVE area $5,423.97USD (HK$42,577)
Monthly rent for 900 Sqft. (85m2) furnished accommodation in NORMAL area $3,724.40 (HK$29,236)
Utilities 1 month (heating, electricity, gas …) for 2 people in 900 Sqft (85m2) $153.76 (HK$1,207)

When I was there before the transfer to PRC, they had proportionately more Rolls Royces and Porsche Turbo Carerras that any other location. Not much room to open them up though.

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woody

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Yes there are rent control ordinances in place to put a cap on these, but it is easy to bypass. There appear to be many complaints/accusations that land lords abuse these exceptions that allow for increasing rent by not doing very much property improvement. Did you read any former tenant stories, with claims of forced eviction?

Have a read as these news articles at this time are fresh.

You should also groan mightily with extra gusto about New York rent, although you do not have to as Mr. Louis Rossmann has already done the research and reported about the costs.

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OscarCP

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Not surprised…40 some years ago, we stopped in to eat at a burger joint in SF and the same burger I could buy at home for 1.50 was over 8.00 there. SF has always been a very expensive place to live or visit.

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Myst

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Absolutely Insane!! My mortgage with taxes, insurance, etc. is not much more than 1/4 of that price tag.

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Myst

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That’s crazy indeed. I lived on the edge of the Tenderloin in ’74 in a jr studio one bdrm for 175 bucks. Moved to Chinatown to a 2 bdrm flat the next year and rent was $325. Unheard of anymore of course, almost seems like I’m older than dirt. Hmm.

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PKCano

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Well if you were still in the Bay Area around after March 25, 1984 the “The Year of the Yuppie” as was proclaimed by Newsweek well then the San Francisco bay area was already well on its way to becoming the very way it is today as far as becoming untenable with its excessive cost of rents. I was in the SF Bay area in the 1987-89 time frame and It was just as costly then in constant dollars in some places but no where as widespread with those high rents as it is in the SF Bay area currently.

Oh how much worse than their parents ever where did those Baby Boomers become and quite a bit more the monopolists than even those of the first gilded age in the late 19th early 20th century United States. Look at the Microsofts, the Intel’s, and The Comcasts/Others OS, CPU, Cable TRUSTS that all make the Standard Oil Trust appear small change by comparsion. That is what the 1960’s was all about really in separating that generation’s sense of history from the harsher history of their parents’ generation. The Baby Boomers and the millennials that followed are not very good students of history and that’s by design.

I count myself in the last years of the baby boomers, a little too late for the 1960’s but too early to be a millennial. The millennials do know that they are less better off than the Baby Boomers but they have no historical refrence point in which to properly gage just what that represents what with millennials not having parents that experienced such hardships as the pre WWII/WWII generations experienced.

Cities full of affluent folks become costly if the real estate  manipulators have their way and that manipulators’ money really finds its way into the US political system post Citizens United.

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OscarCP

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“I count myself in the last years of the baby boomers, a little too late for the 1960’s but too early to be a millennial” – that is called Gen X.

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My rent is over two grand but I’m still very glad to be living in the city.

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Myst

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My daughter lives across the bay in Oakland and pays $2200 for a one bedroom (this includes a parking space which is $150/month.  She works in SF but commutes in each day.

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OscarCP, Myst

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Perhaps many that do not mind crossing the Bay Bridge twice a day would now be contributing to increase the size of the population of Berkley? Or even of points further up north?

It used to be an interesting place. Now, thanks to the tech boom, it is a silly one.

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Dublin, Ireland is pretty bad too, but nowhere near this!

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San Francisco also has major quality of life issues  due to homelessness.

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