06-27-2016, 11:28 AM
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#1
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Unfrozen Caveman Lawyer
Join Date: Oct 2002
Location: Crowsnest Pass
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The Rent Is Too Damn High - In SF
North Beach tenant's rent increased from $1,800 to $8,000 a month
http://www.sfgate.com/news/article/S...00-8325864.php
[Apartment is three bedrooms and in deplorable condition
the median rent per month in North Beach, according to Trulia, over the past month is $6,850 a month]
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06-27-2016, 11:35 AM
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#2
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Franchise Player
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wow, that median rent ($6,250 or something like that) is a mind boggling number - you would need to bring home a net salary of $75,000 just to pay your rent.
Hard to imagine there are that many good paying jobs in SF to justify these kind of rents.
And I could also imagine that these type of rents lock you into a cycle where it is ahrd to save for a house because you are paying so much rent
__________________
If I do not come back avenge my death
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06-27-2016, 11:41 AM
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#4
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 Posted the 6 millionth post! |
SF is a bubble market that will won't quite pop but will eventually peak and dissipate over time. You don't need to be located in SF to be a successful tech startup; many other places around the US to get off the ground and run a cloud or tech development company. The market will sort this out in due time.
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06-27-2016, 11:41 AM
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#5
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Franchise Player
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SF is a great example of government over intervention. If they didn't have stringent rent control, they wouldn't have goegeous histoic apartments in deplorable condition.
If they actually allowed development, new housing stock would get built, allowing supply and demand to come into balance by supply increasing instead of just price increasing.
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06-27-2016, 11:53 AM
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#6
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First Line Centre
Join Date: Oct 2011
Location: Winchestertonfieldville Jail
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In Yellowknife here the rent is to damn high as well. Absolutely HATE it.
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06-27-2016, 12:05 PM
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#7
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First Line Centre
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Quote:
Originally Posted by skudr248
In Yellowknife here the rent is to damn high as well. Absolutely HATE it.
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Yellowknife. Canada's own City By the Bay.
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06-27-2016, 12:10 PM
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#8
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Franchise Player
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A friend is moving to SF - or rather Oakland. He says there are all kinds of weird shenanigans around property taxes and rent that distort the market. For example, families handing off properties to their kids (who use them as rental properties) instead of selling them.
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Quote:
Originally Posted by fotze
If this day gets you riled up, you obviously aren't numb to the disappointment yet to be a real fan.
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06-27-2016, 12:13 PM
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#9
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Franchise Player
Join Date: Nov 2009
Location: Section 203
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Quote:
Originally Posted by CliffFletcher
A friend is moving to SF - or rather Oakland. He says there are all kinds of weird shenanigans around property taxes and rent that distort the market. For example, families handing off properties to their kids (who use them as rental properties) instead of selling them.
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Saying SF and Oakland are the same, is like saying Calgary and Edmonton are the same.
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Originally Posted by Bingo
Jesus this site these days
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Quote:
Originally Posted by Barnet Flame
He just seemed like a very nice person. I loved Squiggy.
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Quote:
Originally Posted by dissentowner
I should probably stop posting at this point
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06-27-2016, 12:20 PM
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#10
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Franchise Player
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One of my son's buddies is living there right now, doing a co-op from Western. He is paying $1,500 for a room in house. He loves being there, but he is on a really tight budget due to the expense of everything.
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06-27-2016, 12:25 PM
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#11
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Atomic Nerd
Join Date: Jul 2004
Location: Calgary
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Quote:
Originally Posted by bizaro86
SF is a great example of government over intervention. If they didn't have stringent rent control, they wouldn't have goegeous histoic apartments in deplorable condition.
If they actually allowed development, new housing stock would get built, allowing supply and demand to come into balance by supply increasing instead of just price increasing.
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No wonder the Tanners had to squeeze 11 people into a single tenement!
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06-27-2016, 12:31 PM
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#12
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Participant  |
Quote:
Originally Posted by squiggs96
Saying SF and Oakland are the same, is like saying Calgary and Edmonton are the same.
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Sure, if Edmonton was essentially just a smaller part of metro Calgary.
The comparison you're looking for is Airdrie.
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06-27-2016, 12:49 PM
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#13
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Lifetime Suspension
Join Date: Mar 2007
Location: Calgary
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Sounds like someone is trying to rid themselves of someone.....
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06-27-2016, 12:59 PM
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#14
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Franchise Player
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Quote:
Originally Posted by squiggs96
Saying SF and Oakland are the same, is like saying Calgary and Edmonton are the same.
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Oakland is becoming gentrified with pockets of tech professionals who are highly paid but still can't swing $6k a month in rent in SF proper. And it's not as though Oakland is cheap - it now has the fourth most expensive rental market in the U.S.
https://www.theguardian.com/cities/2...ents-evictions
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Quote:
Originally Posted by fotze
If this day gets you riled up, you obviously aren't numb to the disappointment yet to be a real fan.
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