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re: San Francisco is officially the most expensive rental market in the country

Posted on 3/5/15 at 10:48 am to
Posted by Asgard Device
The Daedalus
Member since Apr 2011
11562 posts
Posted on 3/5/15 at 10:48 am to
Friend of mine that works in San Jose actually commuted from Pleasanton which is a pleasant little town but he just bought a place in Fremont which seems cool.

He was the best programmer I've ever known so it didn't surprise me when he moved out there. If you are really good you can do well there. If you're mediocre (like me) then you probably should go to Texas.
This post was edited on 3/5/15 at 10:55 am
Posted by saderade
America's City
Member since Jul 2005
25765 posts
Posted on 3/5/15 at 11:09 am to
San Fran is a great city but no way I would want to live like a college student if I was making over 200k a year.
Posted by JonaYolles
Member since Feb 2015
315 posts
Posted on 3/5/15 at 11:11 am to
Not surprising that is has become as expensive as it is. You have thousands of young college grads being recruited by major companies that are offered $100K + salaries and can "afford" $2500 studios so they do it. They're not really saving any money, most eat free lunch and/or dinner at work and live within walking distance to work. They just pour their entire salary into rent because they don't know any better. That drives the prices up like crazy, and people who have lived in the city for years are driven out. It's sad, because areas like the Mission district lose a lot of the longterm tenants that provide the diversity in culture and cuisine that SF is famous for.
Posted by G Khan
the basin
Member since Mar 2007
459 posts
Posted on 3/5/15 at 11:13 am to
Our rent for a large 1 bedroom in the Marina District when we lived there in 2004-2005 with parking inside the building was $1,900. It was in a great hood for young college educated professionals (i.e. yuppy scum) and a high rent district. We were "Marina Trash" as the residents were known.

I heard we'd pay at least $4k now.

Its out of control. I've been reading articles and hearing from my people there about the "tech bros". Tech workers wanting to live in the city and commute south to Silicon Valley. Twitter locating in SF and a few others having a new major presence there now are changing the city drastically. They have private buses that pick the workers up on the city bus routes and cause havoc on traffic, etc.

Edgier crowd, which give the city its personality, have moved to Oakland across the bay or other places that make living in Bay Area not worth it IMO. That was our dilemma when we left. Have kids there and not live in SF (what's point), or head home to be w/ people & the culture & get a nice house, live easier.

Longtime residents & lovers of SF are pissed that old dive bars, retail, etc. with character are all being redeveloped into coffee shops, yoga studios, and yuppie bars for the Tech Bros.

The whole situation is killing dreams of mortals who want to live there...but what can you do? Lenin/Mao are dead.

We always talk about moving there for a year/renting a place or whatever once the kids are grown. By then...no telling how crazy it will be.

A couple of earthquakes, god forbid, might temper the whole situation.

Although the owner of our building, from Portland, came in and bought the building right after the majority of the Marina, which is built ontop of landfill/debris/rubble pushed into the bay after the 1906 big one, pancaked in 1989 (world series quake). When there is blood in the Streets...Buy Property.
Posted by usc6158
Member since Feb 2008
35498 posts
Posted on 3/5/15 at 11:14 am to
quote:

Friend of mine that works in San Jose actually commuted from Pleasanton which is a pleasant little town but he just bought a place in Fremont which seems cool.



East Bay prices are much more reasonable.
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