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Message
San Francisco is officially the most expensive rental market in the country
Posted on 3/5/15 at 12:28 am
Posted on 3/5/15 at 12:28 am
LINK
quote:
San Francisco rent has risen dramatically over the last few years. According to real-estate marketplace Zumper, San Francisco is officially the most expensive rental market in the country, with the median rent for a one-bedroom apartment standing at a jaw-dropping $3,460 a month.
19
Posted on 3/5/15 at 12:32 am to Street Hawk
That's insane. You can own a pretty baller home for that kind of money around here.
Posted on 3/5/15 at 12:33 am to Street Hawk
They keep their end up
Posted on 3/5/15 at 12:34 am to Street Hawk
Man the house I could build for a $7000 note.... 
Posted on 3/5/15 at 12:35 am to Street Hawk
Having parking is worth $700 month so the apts look more affordable. 
Posted on 3/5/15 at 12:51 am to heatom2
$84,000 a year in rent? That is fricking insane!
Posted on 3/5/15 at 1:02 am to Street Hawk
Doesn't SF have rent control? How are prices ballooning upward if there was a cap on pricing?
Posted on 3/5/15 at 1:21 am to Meatball
quote:
84,000
You can OWN a decent 3 Bed 2 bath easily around here for that or less
Posted on 3/5/15 at 2:08 am to Street Hawk
NYC and DC aren't far behind
Posted on 3/5/15 at 2:38 am to HailHailtoMichigan!
quote:
Doesn't SF have rent control? How are prices ballooning upward if there was a cap on pricing?
That only works for poors
Posted on 3/5/15 at 2:46 am to HailHailtoMichigan!
Not all are rent controlled.
My fiancée's friend was able to sneak herself into a rent controlled apartment; taking the place of a girl she knows. It was still pretty high but we were then told the market rate.
Pretty insane
My fiancée's friend was able to sneak herself into a rent controlled apartment; taking the place of a girl she knows. It was still pretty high but we were then told the market rate.
Pretty insane
This post was edited on 3/5/15 at 2:47 am
Posted on 3/5/15 at 2:48 am to JordonfortheJ
quote:
You can OWN a decent 3 Bed 2 bath easily around here for that or less
Hmmm...AL vs CA. Let's see. You do realize that the people who actually pay that kind of rent also get paid salaries that allows them to do so? Let's just say that these folks choose to live in SF for the sheer job and career opportunities in tech that come with living there. You might be able to buy a house for $84K in AL, but you won't have a tech job that pays you $250K either. Different strokes for different people. Completely different economies and lifestyles.
Posted on 3/5/15 at 4:15 am to Street Hawk
quote:
Street Hawk
No shite Sherlock
Posted on 3/5/15 at 5:21 am to Street Hawk
I remeber in summer 2012 I was out there, I grabbed a couple real estate advert magazines. I was shocked to see the CHEAPEST house in the ghetto that was for sale being $750,000
Most apartments were well over $2500 and gas was $4.21 a gallon.
It was a nice place to visit.....
Most apartments were well over $2500 and gas was $4.21 a gallon.
It was a nice place to visit.....
Posted on 3/5/15 at 5:22 am to Cosmo
Having rent control pushes the free-market units up in price.
Met a couple in Mexico from the Bay Area whose combined income was just south of $200k. Couldn't afford to live in the city. Said bare minimum is over 200k.
Met a couple in Mexico from the Bay Area whose combined income was just south of $200k. Couldn't afford to live in the city. Said bare minimum is over 200k.
Posted on 3/5/15 at 5:37 am to HailHailtoMichigan!
quote:
Doesn't SF have rent control? How are prices ballooning upward if there was a cap on pricing?
Only older buildings are covered. When a rent controlled apartment opens up, it's gone literally in minutes.
Posted on 3/5/15 at 5:57 am to Street Hawk
That's more than 3x what a comparable apt would rent for here, I doubt I could triple my salary by moving to San Fran.
Even if you take the additional taxes out of the equation
Even if you take the additional taxes out of the equation
Posted on 3/5/15 at 6:32 am to yellowfin
Met a guy at UCLA that was moving to San Francisco after graduation. For some reason he already had a place in the city, and he said he was offered a $1,000 a month just for his parking spot.
Posted on 3/5/15 at 6:34 am to Street Hawk
Holy fricking hell
I was working numbers on a house last week and $1300/month for a 15 year mortgage freaked me out.
I was working numbers on a house last week and $1300/month for a 15 year mortgage freaked me out.
Posted on 3/5/15 at 6:36 am to DownshiftAndFloorIt
quote:that's a steal for a 15 month.
I was working numbers on a house last week and $1300/month for a 15 year mortgage freaked me out.
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